A Worker Can Always Build a Chair in Four Hours

question 202

Multiple Choice

A worker can always build a chair in four hours.If a chair sells for $40 in a perfectly competitive market, then the equilibrium wage per hour in a perfectly competitive labor market is

• A)$4.
• B)$10.
• C)$40.
• D)$160.

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Definitions:

Urine

A liquid by-product of metabolism in humans and many animals, expelled from the kidneys and stored in the bladder until it is released from the body.

Cardiomyopathy

A disease of the heart muscle that makes it harder for the heart to pump blood to the rest of the body.

Musculoskeletal

Relating to or involving the muscles and the skeleton.

Neurological

Pertains to the nerves and the nervous system, including the brain and spinal cord.