If the MRPL Is Greater Than the Wage Rate, and the Supply

question 11

Multiple Choice

If the MRPL is greater than the wage rate, and the supply of labor is horizontal, the firm will

• A)hire more labor.
• B)hire less labor.
• C)increase the wage paid.
• D)not change its employment or wage practices.

---

Definitions:

Desire to Excel

The motivation or drive to surpass standards of excellence and achieve high levels of performance.

Organizational Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization.

Kurt Lewin

A German-American psychologist known for his pioneering work in social psychology, group dynamics, and organizational development, often considered the father of modern social psychology.

Environmental Forces

External factors such as economic, political, social, technological, and legal conditions that influence an organization's operations and outcomes.