Figure 18-1 on the Graph, L Represents the Quantity of Labor and Labor

question 152

Multiple Choice

Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week.
-Refer to Figure 18-1. Suppose the firm hires each unit of labor for $600 per week, and each unit of output sells for $9. What is the value of the marginal product of the third worker?

• A)$540
• B)$600
• C)$675
• D)$810

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Definitions:

Orthologs

Genes in different species that evolved from a common ancestral gene and retain the same function.

Paralogs

Genes that are related by duplication within a genome and can evolve new functions, despite having a common ancestor.

Species Tree

A conceptual tree diagram that shows the evolutionary relationships among various species based upon their genetic differences and similarities.

Great Apes

A group of primates that includes humans, chimpanzees, gorillas, and orangutans, characterized by their large brains, lack of tail, and advanced cognitive abilities.