If the Value of the Marginal Product of Labor Is

question 384

Multiple Choice

If the value of the marginal product of labor is less than the wage, then the firm could

• A)increase profit by hiring additional labor.
• B)increase profit by reducing the amount of labor hired.
• C)increase revenue by lowering output.
• D)reduce total cost by hiring additional workers.

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Definitions:

Periosteum

A thick layer of blood vessel-rich connective tissue that covers the bones, excluding the joint surfaces.

Rickets

A disorder mainly seen in children due to vitamin D, calcium, or phosphate deficiency, leading to softening and weakening of the bones.

Calcium Depletion

The condition of reduced calcium levels in the body, which may result in weakened bones and other health issues.

Mineralized Bone

Bone tissue that has undergone the process of mineralization, where minerals such as calcium phosphate strengthen the bone matrix, providing rigidity and support to the skeletal structure.