Which of the Following Statements Is Correct

question 482

Multiple Choice

Which of the following statements is correct?

• A)The market for capital is unlike the market for labor because the rental price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor.
• B)The market for capital is unlike the market for labor because the purchase price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor.
• C)The market for capital is like the market for labor because the rental price of capital is affected by the marginal product of capital, and the price of labor is affected by the marginal product of labor.
• D)Both a and b are correct.

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Definitions:

Daily Sleep-Wake

The regular rhythm of alternating sleep and wakefulness, typically synchronized with the 24-hour day-night cycle, influenced by internal biological clocks.

Circannual Rhythm

Biological processes or behaviors that exhibit a regular, annual cycle or pattern.

Free-Running Periods

Cycles of behavior or physiological processes that follow an inherent rhythm, unaffected by external cues like light or temperature.

Constant Darkness

An experimental or natural condition where organisms are exposed to darkness for extended periods, used to study circadian rhythms and related phenomena.