A Competitive Firm Sells Its Output for $30 Per Unit

question 95

Multiple Choice

A competitive firm sells its output for $30 per unit.The marginal product of the 10th worker is 20 units of output per day;the marginal product of the 11th worker is 16 units of output per day.The firm pays its workers a wage of $150 per day.

• A) For the 11th worker,the value of the marginal product of labor is $120.
• B) For the 11th worker,the value of the marginal product of labor is $480.
• C) For the 11th worker,the value of the marginal product of labor is $600.
• D) For the 11th worker,the value of the marginal product of labor is $2,400.

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Definitions:

Arousing

Capable of stimulating excitement, interest, or attention, either physically or emotionally.

Humiliated

The feeling of being deeply ashamed or embarrassed, often as a result of one's dignity being lowered in front of others.

Sexual Masochism

A sexual preference for experiencing pain, humiliation, or suffering during sexual activity.

Frotteurism

A paraphilic interest focused on touching or rubbing against a non-consenting person, often in crowded places.