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

question 483

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 $10 per unit, and it pays each of its workers $400 per week. When the number of workers increases from 4 to 5, the

• A)marginal revenue is $450 per unit of output, and the marginal cost is $400 per unit of output.
• B)value of the marginal product of labor is $3,900, and the marginal cost per unit of output is $400.
• C)value of the marginal product of labor is $450, and the marginal cost per unit of output is about $8.89.
• D)firm's profit increases.

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Definitions:

Bowlby's Phases

Stages of attachment development identified by John Bowlby, including pre-attachment, attachment-in-the-making, clear-cut attachment, and formation of reciprocal relationships.

Daycare

A service that provides care and supervision for children, typically while their guardians are at work or otherwise engaged.

Western European Countries

Nations located in the Western part of Europe, including but not limited to France, Germany, and the United Kingdom, known for their developed economies and democratic governments.

Insecure-resistant

A type of attachment pattern in children characterized by difficulty exploring independently and displaying clinging or resistant behavior when the caregiver returns after absence.