Suppose Earnings Are Given by E = $60 + $7(24

question 134

Multiple Choice

Suppose earnings are given by E = $60 + $7(24 − L) ,where E is earnings and L is the hours of leisure.What is the price to the worker of consuming an additional hour of leisure?

• A) $24
• B) $7
• C) $12
• D) $10

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Definitions:

Synapse

The site where transmission of a nerve impulse from one nerve cell to another occurs; it includes the axon terminal, the synaptic cleft, and receptor sites in the membrane of the receiving cell.

Nerve Impulse

An electrical signal that travels along a nerve fiber, facilitating communication between neurons or between neurons and muscles.

Nerve Cell

Also known as a neuron, it is a cell in the nervous system that transmits information to other nerve cells, muscle, or gland cells.

Myelin Sheath

A fatty layer that surrounds the axons of some nerve cells, speeding up electrical impulses.