When the MPP of Labor Is Zero,ceteris Paribus

question 88

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.

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Definitions:

Employees

are individuals who are hired by organizations or companies to perform specific jobs or duties in exchange for compensation.

Illegal

Activities or actions that are forbidden by law, and which are punishable by sanctions or other legal consequences.

Marital Status

A legally defined condition of an individual regarding marriage, such as single, married, divorced, or widowed.

Termination

The act of ending or concluding something, often referring to the cessation of employment.