Use the Figure Below to Answer the Following Questions

question 71

Multiple Choice

Use the figure below to answer the following questions.

Figure 18.3.2
-Refer to Figure 18.3.2.This figure illustrates a monopsonist in the labour market.The profit-maximizing wage rate is ________ and the quantity of labour hired is ________.

• A)$4 per hour;800 hours
• B)$4 per hour;400 hours
• C)$7 per hour;600 hours
• D)$9 per hour;400 hours
• E)none of the above.

---

Definitions:

Rationalists

Philosophers who believe that knowledge can be gained through the use of reason and logical thinking, rather than through experience or empirical evidence.

Structuralists

Scholars who analyze the underlying structures in cultural products, languages, and societies to understand their meaning and function.

Structuralist

An approach in psychology that aimed to understand the structure of the mind by analyzing its components.

Organism Sleeps

A state of rest for a living organism where consciousness is suspended and metabolic activities are reduced.