When the Price of a Firm's Output Increases

question 40

Multiple Choice

When the price of a firm's output increases,

• A)the supply of labour increases.
• B)the firm hires less labour.
• C)the marginal product of labour increases.
• D)the firm's demand for labour curve shifts leftward.
• E)the value of marginal product of labour increases.

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Definitions:

Duodenum

The first section of the small intestine in most higher vertebrates, where a significant part of digestion occurs.

Bile

A digestive fluid produced by the liver, stored in the gallbladder, and secreted into the small intestine to aid in the digestion and absorption of fats.

Digestive System

The complex series of organs and glands responsible for the digestion and absorption of nutrients, as well as the elimination of waste products.

Bolus

A tiny ball-shaped lump of material, particularly of food chewed right before it's swallowed.