The Following Table Shows the Total Output, Number of Workers

question 51

Multiple Choice

The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm.

-Refer to the table above.Suppose the only variable input that the firm uses is labor.What is the wage paid to a worker in the firm?

• A) $1
• B) $5
• C) $10
• D) $15

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Definitions:

Living Organisms

Entities that exhibit characteristics of life, such as growth, reproduction, and response to stimuli.

Thinning

The process of reducing density or volume, often referenced in contexts like hair loss or material treatment.

Conservation Efforts

Actions and initiatives aimed at protecting the natural environment and preserving endangered species and habitats.