Consider Labour That Is Hired for $18 Per Hour

question 62

Multiple Choice

Consider labour that is hired for $18 per hour.If the last hour of labour hired produces 8 units of output which sells for $10 per unit,that labour-hour's marginal revenue product is

• A)$1.20.
• B)$4.44.
• C)$64.
• D)$80.
• E)$144.

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Definitions:

Systemic Circulation

The part of the cardiovascular system that carries oxygenated blood away from the heart to the body, and returns deoxygenated blood back to the heart.

Right Ventricle

The chamber within the heart that is responsible for pumping oxygen-depleted blood to the lungs for oxygenation, located in the lower right portion of the heart.

Aorta

The largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, distributing oxygenated blood to all parts of the body.

Tunica Media

The middle layer of the wall of a blood vessel, composed primarily of smooth muscle and elastic tissue.