Which of the Following Statements Is True in Regarding to the Marginal

question 17

Multiple Choice

Which of the following statements is true in regarding to the marginal cost of labour?

• A) shows the increase in revenue received by the firm if it hires one more worker.
• B) is derived from the marginal revenue product curve.
• C) is the same as the supply curve of labour for a monopsonist.
• D) is horizontal for a perfectly competitive firm but is downward sloping for a monopsonist.
• E) is equal to the wage paid if the firm is a monopsonist.

---

Definitions:

Golden Rule

A moral principle that suggests treating others as one would wish to be treated, promoting empathy and fairness.

Ethical Customer Service

The practice of treating customers with fairness, honesty, and respect, adhering to moral principles during service interactions.

Customer Needs

The requirements or desires that consumers expect to be fulfilled by a product or service.

Being Treated Fairly

The experience or perception of receiving just, equitable, and impartial treatment.