If the MPP of an Additional Unit of Labor Is

question 128

Multiple Choice

If the MPP of an additional unit of labor is 4 units per hour,product price is constant at $5 per unit,and the wage rate is $19 per hour,then

• A)The additional unit of labor should be employed.
• B)The additional unit of labor should not be employed because it costs more than it is worth.
• C)The employer should lower wages and accept less employment of labor.
• D)Product price must be reduced if profits are to be made.

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Definitions:

Favorable Price

A price point that is advantageous or beneficial to the buyer, often due to being lower than average market prices or offering a great value for the cost.

Original Approach

A novel method or strategy developed to address a problem or enhance a process.

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The focused mental engagement of a reader with content, crucial for effective communication.

Complete Sentences

Sentences that have a subject and a predicate, expressing a complete thought.