Which of the Following Is Correct

question 231

Multiple Choice

Which of the following is correct?

• A)Any event that changes the supply or demand for labor must change the value of the marginal product.
• B)A profit-maximizing firm hires workers so long as the wage rate exceeds the value of the marginal product of labor.
• C)An increase in the supply of labor increases both employment and wages.
• D)A decrease in the demand for labor decreases wages but increases employment.

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Definitions:

Chymotrypsin

Chymotrypsin is a digestive enzyme that breaks down proteins in the small intestine.

Peptide

A short chain of amino acids linked by peptide bonds, forming the building blocks of proteins.

Ninhydrin

A chemical reagent used to detect amino acids and proteins by producing a deep blue-violet color.

Histidine

An essential amino acid in humans, involved in the growth and repair of tissues and the production of histamine.