(Figure: Capital and Labor IV) Which of the Following Statements

question 36

Multiple Choice

(Figure: Capital and Labor IV) Which of the following statements is (are) TRUE?

• A) It is easier for a small amount of additional labor to replace a large amount of capital at point A than at point B.
• B) It is easier for a small amount of additional labor to replace a large amount of capital at point B than at point A.
• C) The MRTS_LK at point A equals MP_K/MP_L.
• D) The MRTS_LK at point B is greater than MRTS_LK at point A.

Understand the concept of national income and its components.

Grasp the importance of adjusting GDP to obtain a more accurate indicator of economic well-being.

Know the implications of changes in private domestic investment on GDP.

Understand the role and impact of different behavioral science disciplines on organizational behavior.

---

Definitions:

Extinction

In psychology, the process through which a conditioned response diminishes and eventually disappears as a result of the conditioned stimulus being presented without the unconditioned stimulus.

Conditioned Response

The learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus in classical conditioning.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Extended Exposure

A therapeutic technique involving repeated, prolonged contact with a feared stimulus, aiming to reduce anxiety or distress associated with it.