You Own a Business That Answers Telephone Calls for Physicians

question 134

Multiple Choice

You own a business that answers telephone calls for physicians after their offices close.You have an incentive to substitute capital for labor if the

• A)price of capital increases.
• B)price of labor decreases.
• C)price of labor increases.
• D)marginal product of labor increases.

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Definitions:

Actor-Observer Effect

A psychological phenomenon where people tend to attribute their own actions to external factors while attributing others' actions to internal characteristics.

Videotaped Conversation

A recorded interaction between individuals on video, used for analysis or study.

Equal Participation

The concept that all members of a group have the same opportunity and responsibility to contribute to a process or activity.

Self-Handicapping

A cognitive strategy by which people avoid effort in the hopes of keeping potential failure from hurting self-esteem.