Examlex

Solved

When Each Factor Is Paid an Amount Equal to the Value

question 69

Multiple Choice

When each factor is paid an amount equal to the value of the marginal product of the last unit of that factor employed in the factor market as a whole,this is:


Definitions:

Heart Disease

A range of conditions affecting the heart's structure and function, including coronary artery disease, heart attacks, and heart failure.

American Medical Association

A professional group in the United States that sets standards for medical education, practice, and ethics, and advocates for physicians and patients.

Obesity

A medical condition characterized by excess body fat that presents a risk to health.

Disease

A particular abnormal condition that negatively affects the structure or function of all or part of an organism, and that is not due to any external injury.

Related Questions