Which of the Following Statements Is True

question 106

Multiple Choice

Which of the following statements is true?

• A)If the price of labor hired by a firm increases, holding everything else constant, the demand for labor will increase.
• B)If the quantity of labor hired by a firm increases, holding everything else constant, the marginal product of labor will fall.
• C)If the quantity of labor hired by a firm increases, holding everything else constant, the marginal product of labor will rise.
• D)If the quantity of labor hired by a firm increases, holding everything else constant, the value of the marginal product of labor will rise.

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Definitions:

Whoop Sound

A high-pitched, prolonged sound often associated with severe coughing fits in conditions such as pertussis (whooping cough).

Severe Coughing

Intense or forceful episodes of coughing, which can be a symptom of various conditions and may cause discomfort or other complications.

Pertussis

A highly contagious bacterial disease, also known as whooping cough, characterized by severe coughing spells.

Pseudomembrane

A false membrane composed of fibrin, mucus, necrotic cells, and inflammatory cells, typically forming during infections or inflammations of mucous membranes.