Suppose That a Firm Hiring Labor in a Perfectly Competitive

question 153

Multiple Choice

Suppose that a firm hiring labor in a perfectly competitive factor market increases the quantity of labor from 10 workers to 11 workers.If the market wage is $10 per worker, the marginal factor cost for the tenth worker is:

• A) $9.
• B) $10.
• C) $100.
• D) $110.

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Definitions:

Persisting Positive Charge

A lasting electrical charge characterized by an excess of protons, often seen in certain particles or materials.

Negative Charge

An electrical charge that results from an excess of electrons in an atom or molecule, leading to an attraction to positively charged particles.

Action Potential

A transient electrical charge that travels along a neuron's axon, enabling neural communication.

Glial Cells

Non-neuronal cells in the central nervous system that support, nourish, and protect neurons.