Paper Pushers Inc

question 45

Multiple Choice

Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company's hourly output varies with the number of workers hired, as shown in the table below. The VMP of the sixth worker is ______ than the VMP of the fourth worker because ______.

• A)less; the firm experiences economies of scale.
• B)more; of the law of increasing returns.
• C)less; of the law of diminishing returns.
• D)more; workers can specialize and exploit their comparative advantage.

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Definitions:

Motivational Interviewing

A counseling approach designed to strengthen personal motivation for and commitment to a specific goal by eliciting and exploring the person's reasons for change.

Multicultural Therapy

A therapeutic approach that considers and respects the cultural backgrounds and diversity of clients.

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A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

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