If the MPP of an Additional Unit of Labor Is

question 111

Multiple Choice

If the MPP of an additional unit of labor is 3 units per hour,product price is constant at $8 per unit,and the wage rate is $26 per hour,then

• A)The additional unit of labor should be employed.
• B)The additional unit of labor should not be employed because it costs more than it is worth.
• C)The employer should lower wages and accept less employment of labor.
• D)Product price must be reduced if profits are to be made.

---

Definitions:

Formal Support Systems

Structured sources of assistance such as services provided by government agencies, NGOs, or social services organizations.

Assessment

The process of evaluating or analyzing information to make judgments, diagnose issues, or inform decisions.

Acceptability

The degree to which a concept, process, or proposal is agreeable or satisfactory to a group of people.

Impact Goals

Objectives focused on achieving significant and measurable effects or outcomes in a specific area.