The Following Table Shows Output Per Hour Produced by the Different

question 111

Multiple Choice

The following table shows output per hour produced by the different units of labor. Table 28.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 28.1, if the wage rate is $9 per hour, how many workers should this firm hire?

• A)1
• B)5
• C)4
• D)2

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Definitions:

Memory Loss

The inability to remember information or experiences, which can be temporary or permanent.

Synapses

Tiny spaces between neurons; the gaps between neurons are referred to as synaptic gaps.

Neurons

Basic working units of the nervous system, cells specialized in carrying messages through an electrochemical process.

Endorphins

Natural, pain-relieving chemicals in the brain that are associated with feelings of euphoria and well-being.