Suppose a Firm Uses Labor and Capital to Produce Output

question 116

Multiple Choice

Suppose a firm uses labor and capital to produce output.The last unit of labor hired has a marginal product of 12 units of output, and the last unit of capital employed has a marginal product of 20 units.Use the optimal combination of inputs rule to calculate the price of capital if the price of labor is $6 per unit.The price of capital is

• A)$2.
• B)$10.
• C)$20.
• D)impossible to determine with the information given.

Interpret Freud's iceberg analogy for the structure of personality.

Assess the impact of Freud's theory on contemporary psychology and its relevance to understanding personality.

Understand core concepts of psychosexual development stages according to Freud.

Identify and describe major ego defense mechanisms and their roles in behavior.

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Definitions:

Cough Reflex

An automatic response triggered by irritation in the airways, designed to protect the respiratory system by ejecting irritants.

Vital Signs

Biometric measurements (such as temperature, pulse, respiration, and blood pressure) that indicate the state of a person's essential body functions.

Baseline

A reference or starting point used for comparison in order to track changes or progress over time.

Anxiety Level

The degree of unease, worry, or fear a person is experiencing, which can affect their mental and physical health.