A Firm Produces 4,000 Units of Output Using 500 Workers

question 78

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is the marginal product of labor?

• A)$8 per worker
• B)8 units of output per worker
• C)$16 per worker
• D)16 units of output per worker
• E)none of the above

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Definitions:

Axon

A neuron, or nerve cell, features a long, slender outgrowth which is primarily involved in sending electrical messages away from the neuron's main body.

Action Potential

A temporary reversal of electrical polarization of the membrane of a nerve cell or muscle cell, allowing for the transmission of signals.

Electrical Conduction

The movement of electrically charged particles through a transmission medium.

Sodium Ions

Positively charged particles of sodium, essential in the body for maintaining cellular function, nerve impulses, and fluid balance.