The Marginal Factor Cost for Labor Is

question 80

Multiple Choice

The marginal factor cost for labor is

• A) The net cost to a monopsonist of hiring an additional unit of labor.
• B) The net gain to a monopolist seller of labor if an additional unit of labor is hired.
• C) The demand for labor.
• D) The supply of labor.

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Definitions:

Freezing Response

A behavioral reaction to a threatening stimulus characterized by immobility and the cessation of all movement, considered a survival mechanism.

Conditioned Emotional Response

The ability of a conditioned stimulus (CS) to elicit emotional reactions as a result of the association of the CS with a painful event.

Hyperactivity

A condition characterized by abnormal levels of activity, impulsivity, and difficulty maintaining attention, often associated with Attention Deficit Hyperactivity Disorder (ADHD).

Wagner's SOP Model

A theory in psychology that describes the structure of memory and learning processes, highlighting the importance of stimulus and response relationships.