Use the Following Information to Answer the Questions That Follow

question 19

Multiple Choice

Use the following information to answer the questions that follow.
Nicky L,owner of NLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L - L²
He also knows that the price of his output is $3.His profits can be found as:
Profit = P
Q - W
L
-The government raises the minimum wage.Which graph reflects this situation?

• A)Graph A
• B)Graph B
• C)Graph C
• D)Graph D
• E)Graph E

---

Definitions:

Online Videos

Digital video content available on the internet, which can be accessed on demand through various platforms and devices.

Observational Learning

Learning that occurs by observing the behavior of others and the outcomes of those behaviors.

Internalized Conscience

The internalized set of moral values, principles, and norms that guide an individual's ethical behavior and decision-making processes.

Socially Responsive

Exhibiting behaviors that are sensitive, adaptive, and appropriately responsive to social situations or interactions.