Use the Information Below to Answer the Following Questions

question 49

Multiple Choice

Use the information below to answer the following questions.
Fact 18.2.1
Wanda's is a fish store that hires students to pack the fish. The fish market is competitive. Originally the price is 50¢ a kilogram. The market for packers is competitive and their market wage rate is $7.50 an hour. Then the market price of fish falls to 33.33¢ a kilogram but the wage rate of fish packers remains at $7.50 an hour.
-Refer to Fact 18.2.1. As a result, students' marginal product ________ and students' value of marginal product ________.

• A)decreases; does not change
• B)does not change; does not change
• C)decreases; decreases
• D)does not change; decreases
• E)decreases; increases

Discuss the role of eye contact, facial expressions, and other visual cues in conveying messages and emotions.

Understand the implications of electronically mediated communication for nonverbal cues and interpretations.

Assess the reliability and issues concerning deception detection, including the use of polygraph tests.

Understand the components and determinants of aggregate demand.

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Definitions:

Unsystematic Risk

Risk associated with a specific company or industry, which can be mitigated through diversification.

Market Risk

The possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets.

Diversifiable Risks

Risks that can be reduced or eliminated from a portfolio through diversification.

Unique Risks

Unique risks refer to the specific and individual risks that affect only a particular company, security, or investment sector, as opposed to risks that affect the entire market.