A Competitive Firm Sells Its Output for $45 Per Unit

question 203

Multiple Choice

A competitive firm sells its output for $45 per unit.The marginal product of the 30th worker is 4 units of output per day;the marginal product of the 31st worker is 3 units of output per day.The firm pays its workers a wage of $150 per day.

• A)For the 31st worker, the marginal profit is $135.
• B)For the 30th worker, the value of the marginal product of labor is $600.
• C)For the 30th worker, the marginal profit is $180.
• D)None of the above is correct.

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Definitions:

Motor Areas

Regions in the brain responsible for the planning, control, and execution of voluntary movements.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for problem solving, judgment, and motor function.

Impulsivity

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Functional Connectivity

The temporal correlation between spatially remote neurophysiological events, often measured in brain imaging studies.