Figure 18-1 on the Graph, L Represents the Quantity of Labor and Labor

question 410

Multiple Choice

Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week.
-Refer to Figure 18-1. Suppose the firm sells its output for $15 per unit, and it pays each of its workers $750 per week. When output increases from 210 units to 285 units, the

• A)marginal cost is $10 per unit of output.
• B)marginal revenue is $5 per unit of output.
• C)value of the marginal product of labor is $4,275
• D)firm's profit decreases.

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Definitions:

Dynamic Interactions

Interactions characterized by continuous change, activity, or progress within a group or system, affecting each other's behaviors and attitudes.

Communication

The act or process of using words, sounds, signs, or behaviors to express or exchange information or to express your ideas, thoughts, feelings, etc., to someone else.

Mutual Reliance

A condition in which individuals or groups depend on each other for support, resources, or success.

Ecological Terms

Keywords and phrases used to describe interactions between organisms and their environments, focusing on relationships and consequences of those relationships.