To Answer the Question,refer to the Following Figure,showing the Marginal

question 23

Multiple Choice

To answer the question,refer to the following figure,showing the marginal revenue product (MRP) and the average revenue product (ARP) curves of a perfectly competitive firm hiring a single variable input,labor. If the wage is $15,how many workers will the firm hire?

• A)250
• B)zero
• C)100
• D)200

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Definitions:

Net Neutrality

The rule that mandates internet service providers to allow access to every type of content and application, irrespective of its origin, without discriminating or restricting specific products or websites.

Internet-Based Service

A service that is delivered and accessed over the internet, ranging from cloud computing to streaming media.

Privileged

Having special rights, advantages, or immunities not available to all, often based on social, economic, or political factors.

Hypodermic Needle Model

A model of communications suggesting that media messages are injected directly and uniformly into the minds of a passive audience, leading to immediate and powerful effects.