If a Profit-Maximizing Firm Hires Its Eleventh Worker,then It Can

question 98

Multiple Choice

If a profit-maximizing firm hires its eleventh worker,then it can be inferred that when the firm hired the first 10 workers,the

• A) wage was larger than the value of the marginal product of labor (VMPL).
• B) value of the marginal product of labor (VMPL)was larger than the wage.
• C) marginal product of labor was increasing.
• D) market was becoming less competitive.
• E) labor demand curve of this firm was becoming more steep.

---

Definitions:

Korea

A country in East Asia, divided into two distinct sovereign states: North Korea and South Korea, each with its own government and political system.

Africa

The second-largest continent on Earth, known for its rich cultural heritage, diverse ecosystems, and vast natural resources.

Business Incubator

A company that helps find and grow new businesses.

Start-Up Businesses

New businesses that are in the initial stages of operation, often characterized by innovation, scalability, and seeking investment.