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

question 152

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 hires each unit of labor for $600 per week, and each unit of output sells for $9. What is the value of the marginal product of the third worker?

• A)$540
• B)$600
• C)$675
• D)$810

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Definitions:

Operating Revenue

Operating revenue refers to the income generated from a company's primary business activities, such as sales of goods or services.

Other Revenues and Gains

Income streams and financial gains that do not arise from the primary operations of a business.

Consolidated Financial Statements

Financial reports that combine the accounting information of a parent company with its subsidiaries, providing a comprehensive overview.

Affiliated Financial Statements

Financial reports that include the accounts of related entities where control or significant influence exists.