The Nuns from the Monastery Are So Altruistic; There's Nothing

question 178

Multiple Choice

The nuns from the monastery are so altruistic; there's nothing they wouldn't do for the local community.
Which of the following words is an antonym for "altruistic" as used in the sentence above?

• A)Stingy
• B)Irritable
• C)Indigent
• D)Solitary

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Definitions:

Marginal Wage Cost

The additional cost incurred by hiring an extra unit of labor, essentially the change in total wage cost from hiring one more employee.

Monopsonistic Labor Market

A market situation in which there is only one buyer (employer) for many sellers (workers), allowing the buyer to exert considerable control over wages and employment conditions.

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The additional revenue a firm earns by employing one more unit of input, like labor or capital, in the production process.