A Firm Operating in Competitive Input and Output Markets Purchases

question 1

Multiple Choice

A firm operating in competitive input and output markets purchases new technology, which shifts the total product schedule from A to B, as shown in the data in the table. At the market wage rate of $30 and product price of $5, this firm will

• A)hire the same number of laborers in both situations.
• B)increase the number of laborers hired from 4 to 6.
• C)decrease the number of laborers hired from 4 to 3.
• D)increase the number of laborers hired from 4 to 5.

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Definitions:

Vaginal Pain

A condition involving discomfort or aching in the vagina, which can be caused by numerous factors including infections, hormonal changes, or physical injury.

Sensate Focus

A technique used in sex therapy involving mutual touching to enhance sexual intimacy and reduce performance anxiety.

Pubococcygeus

A part of the muscular sling stretching from the pubic bone in front to the tailbone in back.

Kegel Exercises

Exercises for women designed to strengthen and give voluntary control over the pubococcygeus and to increase sexual pleasure and awareness. For males, the exercises can be valuable in improving erectile function and learning ejaculatory control.