A Firm Produces 4,000 Units of Output Using 500 Workers

question 78

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is the marginal product of labor?

• A)$8 per worker
• B)8 units of output per worker
• C)$16 per worker
• D)16 units of output per worker
• E)none of the above

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Definitions:

Latent Content

Refers to the hidden, symbolic meanings of dreams as proposed by Sigmund Freud, revealing unconscious desires and feelings.

Manifest Content

The actual literal content and storyline of a dream, as opposed to its hidden meaning.

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Information or material that is comprehensive, detailed, and offers significant insight or analysis.

Latent Content

In psychoanalytic theory, the hidden psychological meaning of dreams, as opposed to the manifest content or the literal storyline of the dream.