Suppose a Firm Is Hiring Resources L and M Under

question 290

Multiple Choice

Suppose a firm is hiring resources l and m under purely competitive conditions to produce product Y, which sells for $2 in a purely competitive market. The prices of l and m are $10 and $4, respectively. In equilibrium, the MPs of l and m, respectively, are

• A)1 and 1.
• B)2 and 5.
• C)10 and 4.
• D)5 and 2.

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Definitions:

Brainstem

Central structure of the brain (including the hindbrain, midbrain, thalamus, and hypothalamus) that is responsible for most life-sustaining, unconscious behavior.

Medial Pontine Reticular Formation

A complex network of neurons located in the pons of the brainstem, involved in the regulation of motor coordination and sleep-wake cycles.

Peribrachial Area

A region in the brainstem involved in the modulation of sensory information, particularly with respect to pain and visceral inputs.

Cataplexy

Cataplexy is a sudden and transient episode of muscle weakness accompanied by full conscious awareness, typically triggered by emotions such as laughter, and often associated with narcolepsy.