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

Understand the concepts of assimilation and accommodation in cognitive development.

Recognize the patterns and development of basic physical and sensory abilities in infants.

Comprehend the causes and timing of miscarriages in pregnancy.

Understand the primary causes and risks associated with miscarriages during the first trimester.

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Definitions:

Residual Value

An asset's expected monetary value at the end of its operational lifespan.

Retired

The status of an individual who has left their professional career, often due to age or reaching financial independence that allows them not to work actively.

Estimated Value

An approximation of the monetary worth of an asset, liability, or a business, determined through analysis or professional judgment.

Fixed Asset

Long-term tangible property owned by a business, used in its operations and not expected to be consumed or converted into cash in the short term.