Which Statement Is True

question 21

Multiple Choice

Which statement is true?

• A)Productivity is input per unit of output.
• B)The MRP curve for the perfect competitor is steeper than the MRP curve for the imperfect competitor.
• C)The firm will hire workers until the wage rate and the Marginal Physical Product (MPP)of the last worker hired are equal.
• D)Relative to the U.S.economy,the Chinese economy is more labor intensive and less capital intensive.

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Definitions:

Risky Portfolio

A risky portfolio comprises investments that have a higher degree of risk, aiming for potentially higher rewards but with an increased possibility of losses.

Arithmetic Average

The sum of a series of numbers divided by the count of that series of numbers, commonly used to calculate the mean value of datasets.

Geometric Average

A method of calculating the average rate of return of a set of values by multiplying them together and taking the nth root, where n is the number of values, typically used for investment growth rates.

Compound Return

The rate at which an investment grows over time, taking into account the effect of compounding.