Suppose a Firm Uses Workers and Office Space to Produce

question 7

Multiple Choice

Suppose a firm uses workers and office space to produce output. The firm is locked into a year-long lease on its office space, but it can easily vary the number of employee-hours it uses each day. The accompanying table describes the relationship between the number of employee-hours the firm uses each day and the firm's daily output. Each unit of output sells for $2, the hourly wage rate is $14, and the rent on the office space is $50 per day.  
When the firm uses 9 employee-hours per day, its total cost each day is:

• A)$126.
• B)$64.
• C)$56.
• D)$176.

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Definitions:

Blood Glucose Levels

The concentration of glucose present in the blood, important for maintaining metabolic homeostasis and energy for the body.

Immune Response

The reaction of the body's immune system to foreign substances or pathogens, involving both specific and nonspecific defense mechanisms.

Thymus

Lymphoid organ involved in the development and functioning of the immune system; T lymphocytes mature in the thymus.

Blood Glucose Levels

The concentration of glucose present in the blood, critical for maintaining metabolic homeostasis.