(Table: Value of the Marginal Product of Labor and Demand)

question 63

Multiple Choice

(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.If the price of a power cord is $4 and the wage rate is $160 per hour, the profit- maximizing quantity of labor is worker(s) .

• A)zero
• B)one
• C)three
• D)five

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Definitions:

Advertisers

Entities that promote products, services, or ideas to potential consumers through various forms of media.

Enjoyable Surroundings

Refers to environments or contexts that are pleasing and satisfying to an individual, enhancing their mood or well-being.

Grandfather Clauses

Legislative measures that allowed those who could vote before the Civil War, and their descendants, to bypass literacy tests and other obstacles to voting, effectively disenfranchising many African Americans.

Democratic Party

One of the two major contemporary political parties in the United States, traditionally associated with progressive and liberal policies.