The Marginal Product of Labor Indicates ________

question 2

Multiple Choice

The marginal product of labor indicates ________.Therefore the MPL curve is also ________.

• A)the quantity of labor supplied for a given wage;the equilibrium price of labor
• B)the quantity of labor demanded for a given wage;the equilibrium price of labor
• C)the quantity of labor demanded for a given wage;the demand curve of labor
• D)the quantity of labor supplied for a given wage;the supply curve of labor
• E)none of the above

---

Definitions:

Responsibility

An obligation or duty to perform or complete a task or role, usually with accountability for the outcome.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Organizational Subsystem

A division or unit within an organization that has its specific role and functions contributing to the overall objectives.

Boundary-Spanning

Activities and practices by individuals or units within an organization that interact with and adapt to external environments and stakeholders.