Use the Following to Answer Questions

question 299

Multiple Choice

Use the following to answer questions:
-(Table: Workers and Output) Look at the table Workers and Output. After graduation you achieve your dream of opening an art shop that specializes in selling mud statues. You pay $10 per day on a loan from your uncle, and regardless of how much you produce, you pay $10 per day to each of the workers who make the mud statues. How many workers should you hire to minimize your marginal costs?

• A) two
• B) three
• C) four
• D) five

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Definitions:

Pancreas

A gland located in the abdomen that produces digestive enzymes and hormones, including insulin, which helps regulate blood sugar levels.

Small Intestine

Part of the gastrointestinal tract between the stomach and large intestine, where most digestion and absorption of nutrients occurs.

Ileum

The final and longest segment of the small intestine, where absorption of nutrients and minerals is completed.

Duodenum

The first section of the small intestine immediately beyond the stomach, leading to the jejunum.