Consider Labour That Is Hired for $18 Per Hour

question 67

Multiple Choice

Consider labour that is hired for $18 per hour.If the last hour hired produces 8 units of output which sells for $2 per unit,that labour-hour adds ________ to the firm's profit and so ________ labour should be hired.

• A)-$128; more
• B)-$2; less
• C)$16; less
• D)$16; more
• E)$0; no

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Definitions:

Fieldbus Communication System

A network system for industrial control systems used to connect and communicate with field devices like sensors and actuators.

Daisy-Chain Topology

A network configuration where each device is connected in series to the next, forming a linear chain for communication or power distribution.

Data Communication

The exchange of data between two or more devices via any form of transmission medium.

Field Device

An equipment or sensor located in the operational environment, directly interacting with the physical process.