Suppose That the Labor Supply Curve for a Large University

question 10

Multiple Choice

Suppose that the labor supply curve for a large university in a small town is given by w = 60 + 0.08L, where L is number of units of labor per week and w is the weekly wage paid per unit of labor.If the university is currently hiring 1,000 units of labor per week, the marginal cost of an additional unit of labor

• A)equals the wage rate.
• B)is twice the wage rate.
• C)equals the wage rate plus $160.
• D)equals the wage rate plus $80.
• E)equals the wage rate plus $240.

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Definitions:

Granulocyte

A type of white blood cell characterized by the presence of granules in its cytoplasm, which are visible under a microscope; it plays a major role in the body's defense against infection.

Agranulocyte

A type of white blood cell that lacks granules in its cytoplasm, such as lymphocytes and monocytes, playing essential roles in the immune system.

Cytoplasm

The jelly-like substance inside cells that holds organelles, in which most cellular activities occur.

Antibodies

Immune system proteins that specifically recognize and bind to foreign antigens, marking them for destruction.