If Nineteen Workers Are Each Paid $10 an Hour, but Hiring

question 86

Multiple Choice

If nineteen workers are each paid $10 an hour, but hiring the twentieth worker requires that all workers be paid $11 an hour, how much is the marginal factor cost of the twentieth worker?

• A) $1
• B) $19
• C) $20
• D) $30

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Definitions:

Pituitary Gland

A pea-sized gland located at the base of the brain, playing a critical role in regulating vital body functions and general wellbeing through the secretion of hormones.

ACTH

ACTH stands for Adrenocorticotropic Hormone, a hormone produced by the pituitary gland that stimulates the adrenal glands to release cortisol, a key stress hormone.

Adrenal Cortex

The outer part of the adrenal gland that produces steroid hormones controlling water and mineral balance, metabolism, and sexual function.

Self-blame

The act of holding oneself responsible for an event or situation that is not entirely under one's control, often leading to feelings of guilt or inadequacy.