The Table Below Shows the Total Production for Varying Numbers

question 95

Multiple Choice

The table below shows the total production for varying numbers of hours worked producing yo- yos.The firm sells its product and hires its workers in competitive markets. $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Hours Worked }\end{array} & \begin{array} { c } \text { Number of } \\\text { Yo-Yos } \\\text { Produced }\end{array} & \begin{array} { c } \text { Wage Rate } \\\text { per Hour } ( \$ ) \end{array} & \begin{array} { c } \text { Price of Yo- Yos } \\( \$ ) \end{array} \\\hline 10 & 60 & 10 & 5 \\\hline 11 & 70 & 10 & 5 \\\hline 12 & 78 & 10 & 5 \\\hline 13 & 84 & 10 & 5 \\\hline 14 & 88 & 10 & 5 \\\hline 15 & 90 & 10 & 5 \\\hline\end{array}$$ TABLE 13- 4
-Refer to Table 13- 4.Which of the following statements best describes the situation of this firm when it is employing 12 hours of labour? The 12th hour of labour hired

• A)adds $30 to revenue,but only costs $10 to hire,so this firm should hire more labour.
• B)adds $8 to revenue,but costs $10 to hire,so this firm should hire less labour.
• C)adds $5 to revenue,but costs $10 to hire,so this firm should hire less labour.
• D)adds $10 to revenue and costs $10 to hire,so this firm is maximizing its profit at 12 hours of labour.
• E)adds $40 to revenue,but only costs $10 to hire,so this firm should hire more labour.

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Definitions:

Environmental Determinants

Factors within the environment that influence the development, behavior, and living conditions of individuals.

Biological Determinants

Factors related to biological or genetic conditions that influence an individual's health or characteristics.

Displacement

A defense mechanism where emotional impulse is redirected from a dangerous object to a safe one.

Morphology

The rule system that governs how words are formed in a language.