When the Price of a Firm's Output Increases

question 40

Multiple Choice

When the price of a firm's output increases,

• A)the supply of labour increases.
• B)the firm hires less labour.
• C)the marginal product of labour increases.
• D)the firm's demand for labour curve shifts leftward.
• E)the value of marginal product of labour increases.

---

Definitions:

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science and profession.

Minnesota Multiphasic Personality Test-II

A widely used standardized psychometric test of adult personality and psychopathology.

Personality Assessments

Tools or instruments used to evaluate and measure an individual's personality traits, characteristics, and patterns of behavior.

Thematic Apperception Test

A projective psychological test consisting of ambiguous pictures, about which a person is asked to write a story, revealing their thoughts, feelings, and attitudes.