Suppose That the Value of the Marginal Product of Labour

question 156

Multiple Choice

Suppose that the value of the marginal product of labour is now less than the wage.Hiring an additional worker would be:

• A)profitable
• B)unprofitable
• C)either profitable or unprofitable depending on other circumstances
• D)a socially responsible thing to do

Understand the digestive system's anatomy and the specialized functions of different sections.

Identify the dietary requirements for macronutrients and the importance of essential nutrients.

Describe the concepts of autotrophy and heterotrophy and their relevance in the diet.

Understand the physiological adaptations for energy storage in animals.

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Definitions:

Cumulative Net Profit

The total net profit of an entity over a period, accumulating all the net profits and losses from each period within the timeframe.

Fourth Year

Usually refers to the final year of a four-year educational program, such as a high school or university degree.

Probability

The likelihood of a specific event or outcome occurring, expressed on a scale from 0 (impossible) to 1 (certain).

Cumulative Profit

Cumulative profit is the total sum of profit earned over a period of time.