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

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Definitions:

Anxiety Disorders

A group of mental health diagnoses that lead to excessive nervousness, fear, apprehension, and worry.

Mood Disorders

A category of mental disorders involving persistent disturbances in mood, such as depression or bipolar disorder.

Substance Abuse

The injurious or perilous utilization of substances that affect mental processes, including alcohol and unauthorized drugs.

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.