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:

Abstinence-Oriented Programs

Programs focused on encouraging individuals to completely refrain from using addictive substances or engaging in harmful behaviors.

Normal Drinking

The consumption of alcohol in a manner considered socially or medically acceptable, without leading to impairment or addiction.

Motivational Interviewing

A therapeutic approach that originated within substance abuse treatment that attempts to change a client’s motivation and prepares the client to enact changes in behavior.

Problem Drinking

A pattern of alcohol consumption that negatively impacts one's health, relationships, or ability to manage responsibilities, and may lead to alcohol dependence.