In the above figure, if the minimum wage is set at $6 per hour, what quantity of labor is employed?

Refer to Table 17-1. Suppose the output price is $3. If the firm represented in the table is maximizing its profit by hiring six workers, what is the wage rate?

A) $120 B) $65 C) $40 D) There is insufficient information to answer the question.

Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted and came up with one of the weakest glues ever made. But, rather than pouring it down the drain, they tried coating some paper with it, and the "Post-It Note" was born. In this case, 3M was acting as a(n)

A) utility. B) rationer. C) entrepreneur. D) abstraction.