Which of the Following Is Correct

question 231

Multiple Choice

Which of the following is correct?

• A)Any event that changes the supply or demand for labor must change the value of the marginal product.
• B)A profit-maximizing firm hires workers so long as the wage rate exceeds the value of the marginal product of labor.
• C)An increase in the supply of labor increases both employment and wages.
• D)A decrease in the demand for labor decreases wages but increases employment.

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Definitions:

Dementia

A group of symptoms affecting memory, thought processes, and social abilities severely enough to interfere with daily functioning.

Urine Odor

The smell associated with urine, which can vary based on hydration, diet, or health conditions.

Physical Abuse

The intentional use of physical force to cause harm or injury to another person.

Legal Responsibility

The obligation to act according to the law and be subject to legal penalties for failure to do so.