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Refer to the following:
A manger of a firm with market power faces the marginal revenue product and average revenue product curves shown below. The firm incurs weekly fixed costs of $1,800. The firm employs a single variable input, labor, which costs $600 per worker each week.
-The 14th worker hired adds $_______ to the firm's total revenue each week.
Institutions
Complex social structures and organizations that govern the behavior of individuals within a society, such as family, education, and government.
Intersectionality
A concept highlighting the interconnection of social categorizations such as race, class, and gender as they apply to a given individual or group, creating overlapping systems of discrimination or disadvantage.
Colonialism
The political and economic domination by one country over a geographically separate and distinct area and its indigenous population, often involving exploitation.
Sociologist
A social scientist who studies the social behaviors, structures, institutions, and functions of human society.
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