-Sun's Petrol Station Is a Firm Operating in a Perfectly

question 61

Multiple Choice

-Sun's Petrol Station is a firm operating in a perfectly competitive industry. Sun's Petrol Station sells each litre of petrol for $3. What is the value of marginal product from hiring the fourth worker?

• A) $840
• B) $2,400
• C) $60
• D) $120

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Definitions:

Gentamicin

An antibiotic used to treat a variety of bacterial infections, especially those caused by bacteria.

Hearing

The ability to perceive sounds by detecting vibrations through an organism's ears.

Vision

The ability to see, which involves the process of light being interpreted by the brain as visual images.

Taste

A sensory experience primarily associated with the tongue, allowing for the perception of sweetness, saltiness, sourness, bitterness, and umami.