If the Cost Efficiency of Labor Equals 2,then

question 22

Multiple Choice

If the cost efficiency of labor equals 2,then

• A)Labor costs 100 percent more than the revenue it generates.
• B)The wage rate is 100 percent more than the product price.
• C)Each extra dollar spent on wages returns 2 units of additional output.
• D)The product price is 200 percent of the wage rate.

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Definitions:

Muscles

Tissues in the body that have the ability to contract, enabling movement and force.

Skeleton

The internal framework of the body composed of bones and cartilage which provides support and protection.

Nervous System

The part of an organism consisting of the brain, spinal cord, nerves, and ganglia, controlling and coordinating bodily functions.

Isometric Exercises

A form of resistance training where the joint angle and muscle length do not change during contraction, typically used for rehabilitation and strengthening.