When Workers Are Able to Augment Their Stock of Human

question 181

Multiple Choice

When workers are able to augment their stock of human capital, they can expect to:

• A)decrease the value of their marginal product of labour
• B)increase the final product price
• C)receive higher wages that reflect an increase in the value of their marginal product
• D)increase their value of marginal product, but this is unlikely to lead to higher wages

---

Definitions:

Desirable

Something that is wanted or wished for because it is considered attractive, satisfying, or beneficial.

Operating Asset

Assets used in the day-to-day operations of a business to generate revenue, such as machinery, buildings, and equipment.

Plant Expansion

Plant expansion refers to the process of enlarging the capacity or physical size of a manufacturing facility to increase production capabilities, accommodate new machinery, or improve efficiency.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.