When a Firm's Only Variable Input Is Labor, Then the Slope

question 288

Multiple Choice

When a firm's only variable input is labor, then the slope of the production function measures the

• A)quantity of labor.
• B)quantity of output.
• C)total cost.
• D)marginal product of labor.

---

Definitions:

Cultural Ethnocentrism

The belief in the superiority of one's own culture, often accompanied by a disregard or disrespect for other cultures.

Objective Introspection

A research method in which individuals examine and report their own thoughts and mental activities in an objective manner, as part of psychological analysis.

Philosophical Logic

A branch of philosophy concerned with the study and application of logic to philosophical problems and arguments.

Scientific Method

a systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formulation, experimentation, and conclusion to validate or refute a hypothesis.