A Competitive Firm Sells Its Output for $50 Per Unit

question 408

Multiple Choice

A competitive firm sells its output for $50 per unit. Assume that labor is the only input that varies for the firm. The marginal product of the 10th worker is 10 units of output per day; the marginal product of the 11th worker is 8 units of output per day. The firm pays its workers a wage of $160 per day. For the 10th worker, the value of the marginal product of labor is

• A)$250.
• B)$400.
• C)$500.
• D)$1,280.

---

Definitions:

Empathy

The ability to understand and share the feelings of another, fostering a sense of connection and understanding.

Difficult Experience

An event or situation that is challenging, hard to endure, or causes distress or discomfort.

Nurse-Patient Relationship

The professional and therapeutic connection formed between a nurse and their patient to support the patient's health and well-being.

Mentally Ill

A term describing individuals who suffer from disorders that affect their mood, thinking, and behavior, impacting their ability to function in daily life.