If Labor Is the Only Variable Input,a Firm's Labor Demand

question 55

Multiple Choice

If labor is the only variable input,a firm's labor demand curve is the

• A)entire marginal revenue product of labor curve
• B)downward-sloping portion of its marginal revenue product of labor curve
• C)downward-sloping portion of its marginal product of labor curve
• D)demand curve for the product produced by labor
• E)downward-sloping portion of the firm's marginal revenue curve

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Definitions:

Shaping

A method of teaching new behaviors by rewarding closer and closer approximations to the desired behavior.

Successive Approximations

The process of reinforcing behaviors that are increasingly closer to the target behavior, commonly used in operant conditioning.

Desired Response

The targeted outcome or behavior that a stimulus or intervention aims to elicit.

Generalization

The tendency to respond in the same way to different but similar stimuli, often used in learning theories.