Table 103 Hotspur Incorporated, a Manufacturer of Microwave Ovens, Is a Price

question 99

Multiple Choice

Table 10.3
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} & \begin{array} { c } \text { Output of Microwave } \\\text { Ovens per Week }\end{array} \\\hline 1 & 30 \\\hline 2 & 55 \\\hline 3 & 75 \\\hline 4 & 90 \\\hline 5 & 100 \\\hline 6 & 105 \\\hline\end{array}$$ Hotspur Incorporated, a manufacturer of microwave ovens, is a price taker in its input and output markets. The firm hires labour at a constant wage rate of $800 per week and sells microwave ovens at a constant price of $80. Table 10.3 shows the relationship between the quantity of labour it hires and the quantity of microwave ovens it produces.
-Refer to Table 10.3.The amount of profit added as a result of hiring a fourth worker is _________.

• A) $7200
• B) $1200
• C) $800
• D) $400

Explain the process and significance of myelination and its influence on nerve impulse conduction.

Describe the immune response of the brain to infection or injury.

Understand the structure and functions of the neuron's plasma membrane.

Explain the mechanisms of action potentials and local potentials.

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Definitions:

Political Parties

Organizations that seek to attain and maintain political power within a government, typically by participating in electoral campaigns, educational outreach, or protest actions.

Paired-Choice Majority Votes

A voting system in which options are matched in pairs and voted upon, with the winner of each pair moving on to compete in subsequent rounds.

Marginal Benefits

The incremental value or satisfaction derived from the use of one more unit of a good or service.

Marginal Costs

represent the cost of producing one more unit of a good or service, calculated by the change in total cost that comes from producing one additional unit.