If Skilled Labor Is Three Times the Cost of Unskilled

question 60

Multiple Choice

If skilled labor is three times the cost of unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor until the

• A) marginal product of each is the same.
• B) amount of unskilled labor used is three times the quantity of skilled labor used.
• C) amount of unskilled labor used is one-third the quantity of skilled labor used.
• D) marginal product of unskilled labor is one-third that of skilled labor.

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Definitions:

Oval Window

A membrane-covered opening that leads from the middle ear to the vestibule of the inner ear and is involved in transmitting sound vibrations.

Timbre

The quality of a musical note or sound that distinguishes different types of sound production, such as voices or musical instruments.

Wave Frequency

The number of waves that pass a fixed point in a given amount of time, often measured in hertz (Hz).

Stereocilia

Hairlike projections on the surface of certain cells, such as those in the inner ear, involved in mechanotransduction processes.