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 $10 per unit, and it pays each of its workers $400 per week. When the number of workers increases from 4 to 5, the
A) marginal revenue is $450 per unit of output, and the marginal cost is $400 per unit of output.
B) value of the marginal product of labor is $3,900, and the marginal cost per unit of output is $400.
C) value of the marginal product of labor is $450, and the marginal cost per unit of output is about $8.89.
D) firm's profit increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: If a firm is able to charge
Q69: A firm's demand for labor is derived
Q94: Labor-augmenting technological advances decrease the marginal productivity
Q170: Does the movement of workers from other
Q174: Suppose that workers immigrate to Minnesota from
Q480: Which term below refers to "the accumulation
Q482: Which of the following statements is correct?<br>A)The
Q485: Which of the following would be an
Q487: Figure 18-1<br>On the graph, L represents the
Q488: Linda's Autoplex performs oil changes on automobiles,