If a Firm Hires Another Unit of Labor,output Goes Up

question 52

Multiple Choice

If a firm hires another unit of labor,output goes up by 12 units.The wage rate for the unit of labor is $6.What is the firm's cost of producing another unit of output using labor?

• A) $18
• B) $9
• C) $1.50
• D) $0.50

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Definitions:

Pathological Behaviours

Pathological behaviors are actions or practices that are considered abnormal or maladaptive, often related to mental health conditions.

Conditioning

A learning process in which an individual's behavior becomes modified as a result of the association between a stimulus and a response.

Irrational Thinking

Patterns of thought that are illogical or not based on reason or clear thinking, often leading to unfounded conclusions.

Behavioural Goals

specific, measurable actions individuals plan to achieve as a step toward accomplishing a desired outcome.