The Demand for Labor Is Likely to Increase When _____

question 59

Multiple Choice

The demand for labor is likely to increase when _____

• A)the marginal product of labor decreases.
• B)the demand for the final good it produces rises.
• C)the opportunity cost of leisure decreases.
• D)the marginal revenue product of labor decreases.
• E)the wage rate rises.

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Definitions:

Cash Dividend

A payment made by a company out of its profits to its shareholders, typically in the form of cash.

Stockholders' Equity

The portion of a company's assets that belongs to the shareholders, calculated as the company's total assets minus its total liabilities.

Assets

Economic resources owned or controlled by a business or an individual that are expected to bring future benefits.

Financial Statements

Official documentation of a business, individual, or entity's financial condition and operations, normally comprising the income statement, balance sheet, and statement of cash flows.