Table 18-12 The Table Displays Data for a Small, Competitive, Profit-Maximizing Firm

question 508

Multiple Choice

Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week.
-Refer to Table 18-12. Suppose the firm sells each box of envelopes that it produces for $6. What is the marginal profit of the fourth worker?

• A)$-132
• B)$-96
• C)$132
• D)$504

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Definitions:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, and controlling behavior.

Adolescents Sleep

The sleep patterns or behaviors associated with the adolescent age group, often characterized by shifts in sleep-wake cycles and sleep needs.

Hours

Units of time equivalent to 60 minutes, used to measure the duration of events or the time of day.

Minutes

Small units of time, each consisting of 60 seconds, used to measure the duration of events and intervals.