The Demand for Labour Depends Primarily on the Additional Output

question 76

Multiple Choice

The demand for labour depends primarily on the additional output produced as a result of hiring an additional worker and

• A)the additional revenue received from selling the output produced as a result of hiring an additional worker.
• B)the payment made to the worker for producing the additional output.
• C)the elasticity of demand for the output produced by the worker.
• D)the number of workers willing to produce the additional output.

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Definitions:

Conscientious

Refers to a personality trait characterized by being diligent, careful, thorough, organized, and responsible in one's work or personal affairs.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation.

Contrasted

Highlighting the differences or distinctions between two or more items or concepts.

Power Differentials

The varying levels of influence or control between individuals or groups within a given context, often affecting interactions and outcomes.