A Worker Can Always Build a Chair in Four Hours

question 202

Multiple Choice

A worker can always build a chair in four hours.If a chair sells for $40 in a perfectly competitive market, then the equilibrium wage per hour in a perfectly competitive labor market is

• A)$4.
• B)$10.
• C)$40.
• D)$160.

---

Definitions:

Onlooker Play

A form of play where a child watches other children play but does not join in, though they may interact verbally.

Associative

Relating to or involving the formation of associations or connections between ideas, feelings, or sensations.

Cooperative

Working together willingly towards a common goal or benefit.

Non-social

Pertains to behavior or activities conducted in solitude or without interaction with other individuals.