-In the Above Figure,Graph D with Capital on the Vertical

question 105

Multiple Choice

-In the above figure,Graph D with Capital on the vertical axis and labor on the horizontal axis implies that

• A) the marginal product of labor is increasing as more labor is employed.
• B) the marginal product of labor is decreasing as more labor is employed.
• C) the capital and labor are perfect substitutes.
• D) capital and labor have to be employed in fixed proportions.

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Definitions:

Securities Exchange Act

A U.S. law enacted in 1934 to govern the trading of securities, such as stocks and bonds, aimed at protecting investors from fraud.

Solicitation of Proxies

The process by which shareholders are asked to delegate their voting power to representatives to vote on their behalf at shareholder meetings.

Section 12

A specific segment or part within a legal document or statute that addresses a particular point of law.

Section 14(a)

Typically refers to a provision in the Securities Exchange Act of 1934 that deals with proxy solicitations.