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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