Factory Workers Who Work the Day Shift Earn Less Per

question 475

Multiple Choice

Factory workers who work the day shift earn less per hour than similarly-skilled factory workers who work the night shift. The difference in pay is attributed to

• A)the marginal product of labor.
• B)the marginal product of capital.
• C)diminishing marginal returns.
• D)a compensating differential.

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Definitions:

Direct Quote

An exchange value described as the amount of local currency required for a single unit of a foreign currency.

Indirect Quote

A foreign exchange rate quoted as the foreign currency per unit of domestic currency.

Mexican Pesos

The currency of Mexico, abbreviated as MXN, used for all financial transactions within the country.

Spot Exchange Rate

The current price at which one currency can be exchanged for another currency in the foreign exchange market.