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

question 466

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 sells its output for $12 per unit, and it pays each of its workers $700 per week. The value of the marginal product of the fifth worker is

• A)$540
• B)$700
• C)$720
• D)$1,080

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Definitions:

Unique Requirements

Specific needs that are particular to an individual organism, system, or process, distinguishing them from others.

Ecosystem

A biological community of interacting organisms and their physical environment, considered as a system of energy flow and nutrient cycling.

Habitat

Type of environment in which a species typically lives.

Community

A group of interacting organisms sharing an environment, often considered within the context of ecological studies of how various species relate to each other within a shared space.