Table 17-2 Table 17-2 Lists Data for the Production of Production

question 31

Multiple Choice

Table 17-2
Table 17-2 lists data for the production of Apple iPods.Apple is assumed to be a price maker,so to increase its sales of iPods the firm must lower its price.MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor,respectively.
-Refer to Table 17-2.What are the price and quantity of workers that result in the maximum amount of profit Apple would earn from selling iPods?

• A)$140; 2
• B)$160; 2
• C)$140; 3
• D)$180; 1

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Definitions:

Puritans

A religious group from the 16th and 17th centuries that sought to purify the Church of England of Roman Catholic practices.

Anxious About

Experiencing worry, unease, or nervousness about an impending event or something with an uncertain outcome.

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A concept implying a structured or peaceful end to life, possibly encompassing preparations and acceptance of mortality.

Separate Sphere Ideology

A social doctrine that divides gender roles, positing that women should concern themselves with home and children while men should be involved in public life and work.