If a Firm Hires Workers Up to the Point Where

question 77

Multiple Choice

If a firm hires workers up to the point where the extra revenue generated by the last worker equals the extra cost,then the firm is

• A) maximizing output.
• B) maximizing profit.
• C) minimizing cost.
• D) maximizing labour cost.
• E) maximizing total revenue.

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Definitions:

Work Certificate

A document provided by an employer certifying an employee's job title, duties, and period of employment.

Foreign Individual

A person who comes from or resides in a different country than the one being referred to.

Third-Country Nationals

Individuals who are working in a country that is neither their home country nor the country of the business for which they are working.

Home Country

The country in which a multinational company is headquartered or where an individual originates from.