When a Competitive Firm Hired Nine Workers, Its Profits Were

question 4

Multiple Choice

When a competitive firm hired nine workers, its profits were $100. When it hired 10 workers, its output was went from 9 to 11 units. Each unit of output sold for $10 while the wage of each worker was $12. What is the firm's new profit level?

• A) $20
• B) $8
• C) $108
• D) $12

Comprehend the circumstances where withholding judgment on the plausibility of claims is appropriate.

Evaluate the impact of financial incentives on the trustworthiness of an expert's advice.

Recognize the role of confirmatory information in assessing the plausibility of claims and the potential for money to subvert objectivity.

Understand the specific historical redefinitions of the concept that "all men are created equal" and its implications for different racial groups.

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Definitions:

Translation

During gene expression, the process whereby ribosomes use the sequence of codons in mRNA to produce a polypeptide with a particular sequence of amino acids.

Transcription

First stage of gene expression; process whereby a DNA strand serves as a template for the formation of mRNA.

RNAi

Short for RNA interference, a biological process in which RNA molecules inhibit gene expression, typically by causing the destruction of specific mRNA molecules.

Specific Alleles

Specific alleles refer to particular variants of a gene that can exist at a given locus on a chromosome, contributing to the diversity of traits within a population.