Given the Table for a Competitive Firm That Is Maximizing

question 119

Multiple Choice

Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be

• A)1,000.
• B)100.
• C)20.
• D)10.

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Definitions:

Thalamus

A major part of the brain acting as a principal relay station for sensory information flowing to the cortex.

Broca's Area

A region in the frontal lobe of the dominant hemisphere (usually the left) of the brain with functions linked to speech production.

Functional Magnetic Resonance Imaging

An imaging technique that measures brain activity by detecting changes associated with blood flow, used to understand brain function.

Positron Emission Tomography

A nuclear medicine functional imaging technique that is used to observe metabolic processes in the body as an aid to the diagnosis of disease.