When Labor Is the Only Input a Firm Uses,the Marginal

question 279

Multiple Choice

When labor is the only input a firm uses,the marginal cost of a unit of output can be defined as

• A) the marginal revenue multiplied by the wage.
• B) the marginal product of labor multiplied by the wage.
• C) the wage divided by the marginal product of labor.
• D) the marginal product of labor divided by the wage.

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Definitions:

Transmission

The act of conveying or spreading something from one place, person, or thing to another.

Infectious Chancre

A painless ulcer, typically acquired through sexual contact, that is a primary symptom of syphilis.

Syphilis

A sexually transmitted bacterial infection caused by Treponema pallidum, which can present in various stages and cause long-term complications if not treated.

Chlamydia

A common sexually transmitted infection (STI) caused by the bacterium Chlamydia trachomatis, often asymptomatic.