When Preparing a Slide Presentation, Try to Follow the Rule

question 37

Multiple Choice

When preparing a slide presentation, try to follow the rule often called the 7 by 7 rule, which states that there should be _____.

• A) at least seven topics per slide and at least seven items per topic
• B) no more than seven topics per slide and no more than seven items per topic
• C) at least seven items per slide and at least seven words per item
• D) no more than seven items per slide and no more than seven words per item

---

Definitions:

Monopsonistic Labor Market

A market situation in which there is only one buyer (employer) for many sellers (workers), allowing the buyer to exert considerable control over wages and employment conditions.

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The additional revenue a firm earns by employing one more unit of input, like labor or capital, in the production process.

Wage Rate

The amount of compensation a worker receives for performing a service, typically measured per hour or unit of work.