Use the Following to Answer Questions

question 150

Multiple Choice

Use the following to answer questions:
-(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. Assume that the market for power cords is perfectly competitive. The price of a power cord is $2, the market wage rate is $20 per hour, and eight workers are hired. Profit can be maximized by hiring _____ worker(s) .

• A) one more
• B) two more
• C) one fewer
• D) two fewer

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Definitions:

Unconditional Positive Regard

An attitude of acceptance and support of a person regardless of what the person says or does, especially used in client-centered therapy.

Psychosexual Stages

A series of developmental stages postulated by Freud, through which a child's personality develops, each characterized by a focus on erogenous zones.

Growth In Personality

The development and change in an individual's character and behavior traits over time.

High Self-Esteem

A positive evaluation of oneself, characterized by feelings of self-worth and confidence in one's abilities.