Refer to the Following

question 50

Multiple Choice

Refer to the following:

Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.

-What is the marginal cost?

• A) $0.63
• B) $0.94
• C) $1.60
• D) $3.20
• E) none of the above

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Definitions:

Idealized Self-Image

A mental image of oneself that represents what they aspire to be, often more perfect or idealized than their actual self.

Based On Perfection

An approach or judgment that is derived from or aimed at achieving a flawless or ideal state.

Basic Anxiety

A term introduced by Karen Horney, referring to feelings of helplessness and insecurity that arise from adverse conditions in childhood.

Self-Protective Mechanisms

Psychological strategies used to defend oneself from perceived threats to self-esteem or well-being; synonymous with defense mechanisms.