If the Price of a Firm's Output Rises, Its

question 109

Multiple Choice

If the price of a firm's output rises, its

• A) marginal product of labor increases.
• B) value of marginal product decreases.
• C) demand for labor increases.
• D) demand for labor decreases.

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Definitions:

Trinomial

A polynomial with three terms, typically written as ax^2 + bx + c.

Perfect Square Trinomial

A trinomial expression that is the square of a binomial, taking the form \(a^2 + 2ab + b^2\).

Polynomial

A mathematical expression involving a sum of powers in one or more variables multiplied by coefficients.

Perfect Square Trinomial

A trinomial that can be factored into two identical binomials, resulting from squaring a binomial.