Figure 14.2.1 -Refer to Figure 14.2.1 Above. Which of the Following Statements

question 77

Multiple Choice

Figure 14.2.1
-Refer to Figure 14.2.1 above. Which of the following statements is correct?

• A) Because the value of marginal product is higher than the wage rate for the firm in panel (b), the firm hires more workers than the firm in panel (a).
• B) Because the value of marginal product is higher than the wage rate for the firm in panel (b), the firm hires less workers than the firm in panel (a).
• C) Because the value of marginal product is higher than the wage rate for the firm in panel (a), the firm hires less workers than the firm in panel (a).
• D) Because the value of marginal product is higher than the wage rate for the firm in panel (a), the firm hires more workers than the firm in panel (a).

---

Definitions:

Visible Minorities

Groups of people who are not part of the majority race or ethnicity in a specific country or region, often facing different forms of discrimination or societal challenges.

Canadian Population

The total number of people living in Canada, reflecting its diverse society composed of individuals from a multitude of ethnic, cultural, and religious backgrounds.

Age 65

Traditionally considered the age of retirement in many societies, often associated with eligibility for certain social security and pension benefits.

Sick Role

A concept in medical sociology that describes the rights and obligations of individuals who are identified as ill, including exemptions from normal social roles and expectations of seeking help and compliance with medical advice.