The Greater the Value of Marginal Product of Labour

question 87

Multiple Choice

The greater the value of marginal product of labour,

• A)the greater is the supply of labour.
• B)the greater is the demand for labour.
• C)the greater is the marginal cost of production.
• D)the greater is unemployment.
• E)the lower is the wage rate.

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Definitions:

Income Statement

A report that outlines a company's financial results, including income, expenses, and profits, during a particular period of accounting.

Required Note Disclosures

Notes in financial statements providing additional context, explanations, and details about reported figures, helping users better understand the financial conditions and results.

Statement Of Stockholders' Equity

A financial statement that shows changes in the ownership interest of a company’s shareholders over a reporting period.

Straight-Line Depreciation

A way to distribute the expense of a concrete asset throughout its life expectancy in uniform annual figures.