If the Objective Function Is to Maximize Revenue Subject to a Binding

question 13

Multiple Choice

If the objective function is to maximize revenue subject to a binding labor constraint, then the shadow price of labor is:

• A) the marginal product of labor.
• B) the marginal revenue product of labor.
• C) negative.
• D) zero.

---

Definitions:

Male Anatomies

The physical structures and organs specific to the male body, including those related to the reproductive system.

Female Anatomies

The branch of biology and medicine concerned with the structure of the female body.

Monozygotic Twin

Twins that are genetically identical, having developed from a single fertilized egg that split into two.

Dizygotic Twin

Twins that are formed from two separate fertilized eggs, also known as fraternal twins, sharing about 50% of their genetic makeup.