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:

Mesenteries

Folds of peritoneum that attach the intestines to the abdominal wall, supporting and allowing vascular and neural communication.

Mastication

The action of masticating food to ready it for swallowing and subsequent digestion.

Parasympathetic Nerves

A division of the autonomic nervous system responsible for rest and digest functions, conserving energy and lowering metabolism.

Vagus Nerve

The tenth cranial nerve, involved in controlling heart rate, gastrointestinal motility, sweating, and various muscle movements in the body.