Suppose MPL = 0

question 78

Multiple Choice

Suppose MPL = 0.5 ∗ (q/L) and MPK = 0.5 ∗ (q/K) .In the long run,the firm will hire equal amounts of capital and labor

• A)all of the time.
• B)only when w = r.
• C)only when w = 0.5 ∗ r.
• D)at no point in time.

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Definitions:

Immediate Reinforcer

A reward or consequence that follows directly after a behavior, strengthening the likelihood of that behavior occurring again.

Delayed Reinforcer

A reward that is given after a time delay, which can still effectively reinforce behavior.

Granted Request

The fulfillment or approval of a request, often implying the attainment of permission or the receiving of something desired.

Research Suggests

A phrase often used to introduce findings from scientific studies, indicating that evidence points toward a certain conclusion.