Linda's Autoplex Performs Oil Changes on Automobiles,light Trucks,and Sport Utility

question 65

Multiple Choice

Linda's Autoplex performs oil changes on automobiles,light trucks,and sport utility vehicles.She is a profit-maximizing business owner whose firm operates in a competitive market.The marginal cost of an oil change is $20.The marginal productivity of the last worker that Linda hired was 1.5 oil changes per hour.What is the maximum hourly wage that Linda was willing to pay the last worker hired?

• A) $10
• B) $15
• C) $20
• D) $30

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Definitions:

Schizoid

A personality disorder characterized by a long-standing pattern of detachment from social relationships and a narrow range of emotional expression.

Personality Disorder

A type of mental disorder involving enduring patterns of behavior, cognition, and inner experience that deviate significantly from the expectations of the culture, are pervasive and inflexible, start in adolescence or early adulthood, are stable over time, and lead to distress or impairment.

Loner

An individual who prefers to be alone rather than with others, often by personal choice or as a result of social anxiety or other factors.

Cold

Relates to lower temperatures or a common viral infection causing respiratory symptoms, depending on context; not typically a psychological term.