Because the Amount of Labour a Firm Employs Can Be

question 62

Multiple Choice

Because the amount of labour a firm employs can be changed, the cost of labour is known as

• A) minimum cost.
• B) an unavoidable cost.
• C) fixed cost.
• D) variable cost.
• E) maximum cost.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that controls the body's responses to perceived threats, including the fight or flight response.

Cortex

The outer layer of the cerebrum of the mammalian brain, involved in various high-level brain functions such as perception, thought, memory, and decision making.

Emotion-arousing Stimulus

Any event or object in the environment that triggers a specific emotional response.

James-Lange Theory

The theory that our experience of emotion is our awareness of our physiological responses to emotion-arousing stimuli.