If Output Rises from 175 Units Per Hour to 193

question 9

Multiple Choice

If output rises from 175 units per hour to 193 units per hour as another worker is hired and the additional worker receives $25 in wages per hour, assuming that labor is the only variable input, it follows that marginal cost is

• A)$450
• B)$4,825
• C)$4,375
• D)$45
• E)$0.45

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Definitions:

Richard M Nixon

The 37th President of the United States, serving from 1969 to 1974, who resigned from office due to the Watergate scandal.

Bombing

The act of using explosive devices to attack targets, often used in warfare, terrorism, or political violence.

Invasion

The act of entering another country or territory by force with the intention of conquest or occupation.

Cambodia

A country located in the southern portion of the Indochina Peninsula in Southeast Asia, known for its rich history, including the Angkor period, and more recent turbulent Khmer Rouge era.