Which of the Following Is True

question 121

Multiple Choice

Which of the following is true?

• A) The value to a firm of hiring another worker is the worker's value of marginal product.
• B) A firm will hire more workers if the wage rate is greater than the value of marginal product.
• C) The value of marginal product is the cost of hiring a worker.
• D) The value of marginal product increases as more workers are hired.
• E) The value of marginal product equals the price of the good produced divided by the marginal product.

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Definitions:

Securities Act of 1933

A U.S. law enacted to protect investors by requiring transparency in financial statements so investors can make informed decisions about securities.

Misrepresentation

Misrepresentation refers to the act of providing false or misleading statements about a material fact, which someone relies on to their detriment in a contractual agreement.

Fraudulent Acts

Fraudulent acts involve intentional deception or misrepresentation made by a person or entity with the intent of gaining some unfair or dishonest advantage.

Over the Counter

Describes securities trading through a dealer network rather than on a centralized exchange, often for stocks that do not meet the requirements to be listed on major exchanges.