Examlex

Solved

(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) .


Definitions:

Porifera

A phylum consisting of simple, multicellular organisms known as sponges, characterized by their porous bodies and lack of true tissues and organs.

Ctenophora

A phylum of marine animals commonly known as comb jellies, characterized by their gelatinous bodies and rows of ciliary plates.

Ctenophores

Also known as comb jellies, a phylum of marine animals characterized by their distinctive rows of ciliary plates used for swimming.

Adhesive Glue Cells

Cells that produce a sticky substance enabling organisms to adhere to surfaces or each other, found in various plants and animals.

Related Questions