A Firm Can Sell as Many Units of Its Output

question 66

Multiple Choice

A firm can sell as many units of its output as it wants for $10 a piece.The current market wage rate for its workers is $20 per hour.It follows that the firm will hire workers up to the point where the last worker hired produces how much per hour?

• A) one unit.
• B) two units.
• C) one-half a unit.
• D) 200 units.

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Definitions:

Gender Roles

The positions, characteristics, and interests that are considered normal and are expected for boys/men or for girls/women in a particular culture; this social information is stored in each person’s gender schemas.

Semenarche

The beginning of development of semen in boys at puberty, marking the onset of reproductive capability.

Spermarche

The first occurrence of ejaculation in males, which is a significant event in male puberty.

Gonads

Gonads are the primary reproductive organs in males (testes) and females (ovaries) that produce sex cells (gametes) and sex hormones.