If Labor Is a Firm's Only Variable Input, Marginal Cost

question 9

Multiple Choice

If labor is a firm's only variable input, marginal cost ultimately depends on

• A)fixed cost
• B)how much profit is made
• C)the price of the good produced
• D)how much output each worker produces
• E)fixed cost per unit

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Definitions:

Psychotherapy

A treatment approach involving psychological methods, primarily verbal interaction, to help improve an individual's mental health and resolve personal problems.

Problem-Solving Approach

A cognitive-behavioural treatment that involves the client in determining the problem definition and formulation, generating alternative solutions to deal with the problem, deciding on the best solution to implement, and then implementing and evaluating the solution.

Borderline Personality Disorder

A mental health disorder characterized by pervasive instability in moods, interpersonal relationships, self-image, and behavior.