If the MPP of an Additional Unit of Labor Is

question 113

Multiple Choice

If the MPP of an additional unit of labor is 4 units per hour,product price is constant at $9 per unit,and the wage rate is $35 per hour,then:

• A) An additional unit of labor should not be employed because it costs more than it is worth.
• B) An additional unit of labor should be employed.
• C) The employer should raise wages and hire additional workers.
• D) In order to earn a profit,the price of the product must decrease.

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Definitions:

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme involved in cellular processes, mainly anabolism and as a reducing agent in anabolic reactions.

Phosphate Group

A chemical group consisting of phosphorus bonded to four oxygen atoms, important in energy transfer.

Photorespiration

A process in plant metabolism where the enzyme RuBisCO oxygenates RuBP, wasting energy and reducing photosynthetic efficiency under certain conditions.

C3

A pathway in photosynthesis where the fixation of carbon dioxide produces a three-carbon compound as the first stable product.