Blog Refers to

question 14

Multiple Choice

blog refers to

• A) a public online forum centered on a specific topic or theme.
• B) a running account of all purchases made at a single website.
• C) a webpage that serves as a publicly accessible personal journal for an individual or an organization.
• D) an itemized list of all website "hits" on an individual person including a short biographical summary.
• E) a Web network that works as a family tree linking all members of a group or organization.

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Definitions:

VMPL Curve

The VMPL curve, or the Value of Marginal Product of Labor curve, represents the additional value created by employing one more unit of labor, holding other inputs constant.

Market Wage Rate

The prevailing rate of pay for a specific job in the competitive labor market, determined by supply and demand for labor.

Labor

The human effort, including physical and mental exertion, used in the production of goods and services.

Marginal Product

Marginal product refers to the increase in output that results from employing one more unit of a particular input while keeping other inputs constant.