Exhibit 10-1 Use the Information in the Accompanying Chart to Answer

question 76

Multiple Choice

Exhibit 10-1 Use the information in the accompanying chart to answer the following question(s) . The firm hires labor competitively and sells its product in a competitive price-taker market. $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Units of Labor } \\\text { (per day) }\end{array} & \begin{array} { c } \text { Total Output } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Product } \\\text { Price }\end{array} \\\hline 1 & 15 & 6 \\2 & 30 & 6 \\3 & 40 & 6 \\4 & 48 & 6 \\5 & 54 & 6 \\6 & 59 & 6 \\7 & 62 & 6 \\\hline\end{array}$$ Refer to Exhibit 11-1. If the market wage rate is $25 per day, how many workers should the firm hire if it wants to maximize profits?

• A) 4.
• B) 5.
• C) 6.
• D) 7.

---

Definitions:

Mesolimbic Dopamine Pathway

A key pathway in the brain associated with the reward system, playing significant roles in motivation, pleasure, and reinforcement.

Abused Drugs

Substances whose use is deemed harmful or subject to legal restrictions, often leading to addiction and negative health consequences.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information.

GABA

Gamma-aminobutyric acid, an inhibitory neurotransmitter in the brain that helps regulate neuronal activity and reduces anxiety.