The Percentage Change in the Quantity Demanded of Labor Divided

question 107

Multiple Choice

The percentage change in the quantity demanded of labor divided by the percentage change in the wage rate is called the

• A)marginal revenue product of labor.
• B)elasticity of demand for labor.
• C)elasticity of supply of labor.
• D)marginal factor cost of labor.

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Definitions:

D-Arabinose

A naturally occurring pentose sugar, which is a component of many polysaccharides and glycoconjugates in plants and bacteria.

Open-Chain Form

Describes organic compounds that consist of a linear chain of atoms, as opposed to cyclic structures.

Asymmetric Centers

Carbon atoms bonded to four different groups, creating chirality and isomerism in molecules.

Aldohexose

A simple sugar or monosaccharide containing six carbon atoms and an aldehyde group.