When the MPP of Labor Is Zero,ceteris Paribus

question 132

Multiple Choice

When the MPP of labor is zero,ceteris paribus,

• A)Employment can be increased only by offering a higher wage rate.
• B)No further increases in output can be achieved by using additional units of labor.
• C)MRP is at a maximum.
• D)Additional units of labor must be employed because other factors of production are being wasted.

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Definitions:

Internal Factors

Elements within an organization's control, such as policies, culture, and employee skills, that influence its operations and performance.

Selection Strategy

The process and criteria used by an organization to evaluate and choose the most suitable candidates for a position.

Organizational Policies

Internal policies that affect recruitment, such as “promote-from-within” policies.

Compensatory Approach

A strategy used in decision-making that involves offsetting deficiencies in one area with strengths in another, often applied in personnel selection and performance evaluation.