Any Event That Decreases the Value of the Marginal Product

question 113

Multiple Choice

Any event that decreases the value of the marginal product of labor will:

• A)decrease labor demand.
• B)decrease labor supply.
• C)increase labor demand.
• D)increase labor supply.

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Definitions:

Distinctiveness

refers to the feature or quality that makes a person or thing unique or different from others.

Consensus

a general agreement among the members of a given group or community, each of whom exercises some degree of influence.

Intermittent Reinforcement

Reinforcement schedule in which a reward does not occur after each instance of a behavior or set of behaviors.

Fixed Interval Schedule

A reinforcement schedule in operant conditioning where the first response is rewarded only after a specified amount of time has elapsed.