Figure 18-3 The Figure Below Shows the Production Function for a Particular

question 352

Multiple Choice

Figure 18-3
The figure below shows the production function for a particular firm.
-Refer to Figure 18-3.Suppose the firm pays a wage equal to $160 per unit of labor and sells its output at $10 per unit.What is the value of the marginal product of labor for the fourth worker?

• A) 10 units
• B) $100
• C) $1,000
• D) $1,600

---

Definitions:

Combustion

A chemical reaction that occurs when a substance reacts with oxygen to give off heat and light, often producing flame.

Explosives

A rephrased definition: Chemical compounds or mixtures that release a large amount of energy in a very short time through blasts or combustion.

Carbon Dioxide

A colorless, odorless gas with the formula CO2, produced by burning carbon and organic compounds and by respiration.

Organic Material

Matter obtained from living organisms, typically consisting of compounds like carbohydrates, proteins, lipids, and nucleic acids.