-In Figure 7-4,marginal Product of Labor Is Diminishing for Levels

question 46

Multiple Choice

-In Figure 7-4,marginal product of labor is diminishing for levels of employment

• A)between 0 and 35 workers
• B)equal to 35 workers
• C)between 35 and 80 workers
• D)greater than 80 workers
• E)none of the above

---

Definitions:

Gross Earnings

The total income earned by an individual or business before any deductions like taxes or benefits.

FUTA

Federal Unemployment Tax Act; a United States federal law that imposes a payroll tax on businesses to fund state workforce agencies.

SUTA

State Unemployment Tax Act, a U.S. federal law that imposes a payroll tax on employers to fund the unemployment compensation program.

Form 941

A tax form used by employers to report quarterly federal payroll taxes, including amounts withheld from employees' paychecks and the employer's portion of social security and Medicare taxes.