Refer to the Following

question 108

Multiple Choice

Refer to the following:


Above is a firm's average product of labor and marginal product of labor curves. The price of labor is $60 per unit.
-When the firm uses 6 units of labor, what is marginal cost?

• A) $0.25
• B) $5
• C) $6.67
• D) $7.06
• E) $10.25

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Definitions:

Disordered

Characterized by disruption or dysfunction, especially in mental health, leading to distress or difficulty in functioning normally.

Divergent Thinking

An intellectual strategy or technique designed to elicit innovative solutions by considering a wide range of options.

Stapler

A mechanical device that joins pages of paper or similar material by driving a thin metal staple through the sheets and folding the ends.

Divergent Thinking

A cognitive approach or methodology adopted to produce inventive concepts through the examination of numerous potential answers.