If Labor Is a Firm's Only Variable Input,marginal Cost Ultimately

question 58

Multiple Choice

If labor is a firm's only variable input,marginal cost ultimately depends on _____

• A)the fixed cost of labor.
• B)how much profit is made.
• C)the price of the good produced.
• D)how much output each worker produces.
• E)the fixed cost per unit.

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Definitions:

Caloric Expenditure

This refers to the total number of calories a person burns or expends through various activities, including basic bodily functions and physical activities.

Physical Fitness

A state of health and well-being achieved through regular physical activity, involving various attributes such as endurance, strength, and flexibility.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Weight Loss

The reduction of total body mass due to a loss of fluid, body fat, or lean mass.