If the Marginal Product of the Fifth Person Employed Is

question 14

Multiple Choice

If the marginal product of the fifth person employed is 10 and the product price is $5, then the VMPL is

• A)$10.
• B)$50 if the product market is perfectly competitive.
• C)$15.
• D)More than $50 if the product market is monopolistic.

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Definitions:

Chondrocytes

Cells that are found within cartilage and are responsible for maintaining the cartilaginous matrix.

Connective Tissues

Tissues in the body that support, bind together, or separate other tissues and organs, characterized by few cells and substantial extracellular matrix.

Bone and Cartilage

Connective tissues in the body, where bone is hard and dense, providing structure and support, while cartilage is more flexible and cushions joints.

Lacunae

Small cavities in bone or cartilage tissue housing cells like osteocytes or chondrocytes.