If a Perfectly Competitive Firm Finds That the Productivity of Its

question 45

Multiple Choice

If a perfectly competitive firm finds that the productivity of its workers has increased,then

• A) the wage rate increases.
• B) labour demand decreases.
• C) the wage rate decreases.
• D) labour demand increases.
• E) labour supply increases.

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Definitions:

Histones

Proteins that package and order DNA into structural units called nucleosomes, facilitating chromosome organization and gene regulation.

Transcription

The process of transcribing DNA into RNA, a fundamental aspect of gene expression.

Transcription Factors

Proteins that regulate the transcription of genes by binding to DNA and influencing RNA synthesis.

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, usually proteins, affecting the cell function.