If an Additional Unit of Labor Costs $25 and Has

question 137

Multiple Choice

If an additional unit of labor costs $25 and has an MPP of 40 units of output,the marginal cost is:

• A) $0.63.
• B) $1.60.
• C) $25.00.
• D) $1,000.00

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Definitions:

Analytical Intelligence

The ability to analyze, evaluate, judge, compare, and contrast situations; part of Sternberg's triarchic theory of intelligence.

Spearman's General Intelligence

The theory that cognitive abilities have a general factor (g) that influences performance on mental tests.

Inborn Ability

Natural talents or capacities that an individual possesses from birth, not acquired through learning or experience.

Adaptive Traits

Adaptive traits are characteristics that increase an organism's ability to survive and reproduce in particular environments.