Refer to the Following

question 27

Multiple Choice

Refer to the following:

The price of labor is $3 per unit.
-How many units of labor should a firm use in order to produce 100 units of output at the least cost?

• A) 5 units of labor
• B) 10 units of labor
• C) 15 units of labor
• D) 20 units of labor

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Definitions:

Genetic Markers

Genetic markers are sequences of DNA that can be used to identify individuals or species, and are often employed in genetic mapping, forensic analysis, and study of genetic predispositions to diseases.

Australopiths

Refers to a group of extinct hominins closely related to humans, known for their bipedal locomotion and significant role in human evolution.

Hominins

Members of the human lineage after the split from our common ancestor with chimpanzees, including all modern and extinct human species.

Upright Walking

The ability to walk on two legs with the body held vertically or nearly vertically, a characteristic primarily associated with humans.