Suppose a Firm Is Hiring 20 Workers at a Wage

question 12

Multiple Choice

Suppose a firm is hiring 20 workers at a wage rate of $60.The average product of labor is 30,the last worker added 12 units of output,and total fixed cost is $3,600.What is marginal cost?

• A)$.20
• B)$5
• C)$240
• D)$720
• E)none of the above

---

Definitions:

Rorschach Test

A psychological test in which subjects' perceptions of inkblots are analyzed to interpret their personality and emotional functioning.

Inkblot Card

A psychological tool used in the Rorschach test where individuals’ perceptions of inkblots are analyzed to understand their psychological functioning.

Projective Assessment

Psychological testing methods where the responses to ambiguous stimuli are analyzed to uncover hidden emotions and internal conflicts.

Unconscious Drives

Deep-seated desires or motivations that influence behavior, of which an individual might not be explicitly aware.