Use the Following to Answer Questions

question 16

Multiple Choice

Use the following to answer questions :
Figure: The Total Product
-(Figure: The Total Product) Use Figure: The Total Product.If the firm hires more than L₂ labour,the total product will _____ because the marginal product of labour is _____.

• A) decrease;positive
• B) increase;positive
• C) decrease;negative
• D) increase;negative

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Definitions:

Assumed Liabilities

Obligations that a company takes on when it purchases another company or its assets.

Acquiring Assets

The process of obtaining ownership or control of assets, which can include tangible property like real estate or intangible property like intellectual property rights.

Dissenting Shareholder Rights

Rights granted to shareholders who disagree with major corporate actions, like mergers, allowing them to receive payment for the fair value of their shares.

Merger Approval

The authorization granted by a regulatory body or shareholders for two or more companies to consolidate into one entity.