If the Value of Marginal Product of the 10th Worker

question 151

Multiple Choice

If the value of marginal product of the 10th worker is $60,then the

• A) quantity of labor demanded when the wage rate is $60 will be 10 workers.
• B) wage rate of the 10th worker will be $6.
• C) firm will not hire the worker if the wage rate is less than $60.
• D) marginal cost of the 10th worker will be $6.
• E) quantity of labor demanded when the wage rate is $6 will be 10 workers.

Comprehend Erikson's developmental stages, especially the "intimacy versus isolation" stage.

Identify the trends in cohabitation and marriage among emerging adults.

Understand the nature and dynamics of cross-sex friendships.

Recognize the financial support patterns from parents to adult children.

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