Figure 18-1 on the Graph, L Represents the Quantity of Labor and Labor

question 466

Multiple Choice

Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week.
-Refer to Figure 18-1. Suppose the firm sells its output for $12 per unit, and it pays each of its workers $700 per week. The value of the marginal product of the fifth worker is

• A)$540
• B)$700
• C)$720
• D)$1,080

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Definitions:

Heterotherms

Organisms that can switch between self-regulating their body temperature and allowing the external environment to influence it.

Ectotherms

Organisms that regulate their body temperature through external sources, rather than internal metabolic processes.

Endotherms

Animals that regulate their body temperature internally, producing their own heat.

Hypothalamus

Forebrain region that controls processes related to homeostasis; produces and controls release of some hormones.