It Is Profitable to Hire Units of Labor as Long

question 183

Multiple Choice

It is profitable to hire units of labor as long as the value of marginal product:

• A) is less than wage.
• B) exceeds average product.
• C) equals price.
• D) exceeds wage.

---

Definitions:

Motor Program

A coordinated sequence of muscle actions responsible for many behaviors we think of as automatic.

Diurnal

Active during the day and resting at night, opposite to nocturnal.

Nocturnal

Nocturnal refers to animals or activities that occur during the night or in darkness, contrasting with diurnal organisms that are active during the day.

Crepuscular

Crepuscular animals are those that are active primarily during twilight, that is, at dawn and dusk, taking advantage of lower light conditions.