Refer to the Following

question 15

Multiple Choice

Refer to the following:

Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600.

-What is marginal cost?

• A) $.20
• B) $5
• C) $240
• D) $720
• E) none of the above

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Definitions:

Triceps Skinfold

A measure of the thickness of a fold of skin and underlying fat on the back of the upper arm, used to estimate body fat.

Ideal Body Weight

A health measure estimating the weight considered optimal for an individual's height, age, and gender, often used in medical settings.

Furosemide (Lasix)

A loop diuretic medication used to treat fluid retention and swelling caused by heart failure, liver disease, and kidney disease by increasing urine output.

Potassium

A chemical element (K) that is a vital nutrient for the human body, playing key roles in muscle function, nerve transmission, and fluid balance.