Exhibit 26-3 ​ Refer to Exhibit 26-3. the Marginal Factor Cost (MFC)of the Factor

question 101

Multiple Choice

Exhibit 26-3 ​

Refer to Exhibit 26-3. The marginal factor cost (MFC) of the fourth unit of labor is

• A)greater than $10 if the firm expects to hire the fourth worker.
• B)the same as the MFC of the first unit.
• C)less than the wage rate.
• D)greater than the wage rate.

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Definitions:

Dementia

A category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.

Lewy Body

Abnormal aggregates of protein that develop inside nerve cells, contributing to Parkinson’s disease, Lewy body dementia, and other disorders.

Pick Disease

A rare neurodegenerative disease that causes progressive destruction of nerve cells in the brain, leading to changes in behavior, personality, and ultimately severe dementia.

Korsakoff Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most commonly due to alcohol misuse, characterized by memory loss and confabulation.