A Firm Faces Competitive Markets for Its Inputs and Its

question 46

Multiple Choice

A firm faces competitive markets for its inputs and its output.At the profit-maximizing level of output,its marginal cost is $10 and the wage paid is $2.If the MPL = L^-0.5,how many workers will be hired by the firm?

• A) 35
• B) 40
• C) 25
• D) 5

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Definitions:

Running Torque

The torque a motor produces at its rated speed and voltage, crucial for understanding the operational efficiency of the motor.

High

This term is relative and could refer to a level of voltage, resistance, frequency, etc., that is above what is considered normal or average.

Low

Typically refers to a state or condition of minimal magnitude or intensity, such as low voltage or low frequency.

Start Winding

A winding in a motor that is used during the start-up phase to create an initial rotating magnetic field.