Which Measurement Rises Most Quickly as More Labor Is Hired

question 71

Multiple Choice

Which measurement rises most quickly as more labor is hired?

• A) value of the marginal product of labor
• B) marginal revenue product of labor
• C) supply of labor
• D) marginal factor cost of labor

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, and praise.

Drive-reduction

A theory in psychology that suggests motivation arises from the need to reduce internal drives such as hunger or thirst, leading to certain behaviors.

Relatedness

The need to feel connected to others, being part of a group or relationship that provides a sense of belonging.

Competence

The ability to do something successfully or efficiently, often relating to a specific skill or knowledge set.