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

question 279

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. How many workers will the firm hire to maximize its profit?

• A)2
• B)3
• C)4

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Definitions:

Gauge

In film, refers to the width of the film stock and its perforations, dictating the type of equipment needed for projection. Common gauges include 8mm, 16mm, 35mm, and 70mm.

Resolution

The ability of a camera lens to define images in sharp detail.

Lumière Brothers

Pioneers of the film industry, noted for their invention of the Cinématographe and for holding the first public movie screening in 1895.

Photogénie

A cinematic concept that suggests certain objects or faces are imbued with an essence that makes them particularly suited to filmic representation.