The Last Worker Hired at a Competitive Firm Has a Value

question 23

Multiple Choice

The last worker hired at a competitive firm has a value of marginal product of $17 and he is paid the market wage of $15.The firm could __________ by __________.

• A) reduce losses;hiring fewer workers
• B) increase profit;hiring more workers
• C) reduce losses;hiring more workers
• D) increase profit;hiring fewer workers
• E) maximize profit;hiring more workers

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School Achievement

The measure of a student's academic performance and completion of educational benchmarks.

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The distinctions in characteristics, behaviors, and roles traditionally associated with being male or female in a society.

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The study of numbers, quantities, shapes, and patterns and the relationships between these concepts.