If a Firm Is Using a Lot of Capital and Just

question 11

Multiple Choice

If a firm is using a lot of capital and just a little labor, the marginal product of labor is_____ relative to the marginal product of capital making it _____ to substitute labor for capital.

• A) low; more difficult
• B) high; easier
• C) high; more difficult
• D) low; easier

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Definitions:

Job Crafting Behaviours

The actions and strategies individuals use to reshape and redefine their job roles and tasks to improve fit, satisfaction, engagement, and overall work experience.

Core Job Characteristic

Fundamental attributes of a job that affect employee motivation and job satisfaction, such as task variety and autonomy.

Experienced Responsibility

The feeling or sense of obligation and accountability for outcomes of one's work or actions.

Psychological Identification

The process by which an individual assimilates aspects, properties, or attributes of another person, incorporating them into their own self-concept.