Which of the Following Assumptions Are We Making for the First

question 2

Multiple Choice

Which of the following assumptions are we making for the first time in this Chapter ?

• A) Workers maximize utility.
• B) Employers maximize profits.
• C) The marginal product of labor of two workers may be different.
• D) The productivity of two workers may differ in ways that are hard to measure.

---

Definitions:

ANS Responses

Physiological reactions mediated by the autonomic nervous system, controlling involuntary functions like heart rate and digestion.

Hypothalamus

A region of the brain that regulates many bodily functions, including hunger, thirst, sleep, and body temperature.

Parasympathetic Nerves

Nerves of the parasympathetic nervous system, part of the autonomic nervous system, involved in rest and digestion.

Blood Vessels

Channels such as arteries, veins, and capillaries through which blood circulates throughout the body, delivering oxygen and nutrients to tissues.