If 10 Workers Will Be Hired by a Firm at a Wage

question 91

Multiple Choice

If 10 workers will be hired by a firm at a wage rate of $15 per hour,but the 11^th worker will be hired only if the wage rate falls to $14 per hour,then the marginal wage of the 11^th worker is

• A)$4 per hour.
• B)$14 per hour.
• C)$154 per hour.
• D)-$1 per hour.

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Definitions:

Intrinsic Rewards

Satisfaction or motivation stemming from the work itself rather than from external rewards like money or status.

Lower-level Needs

Basic human necessities within Maslow's hierarchy, including physiological and safety needs, which must be met before higher-level needs can be addressed.

Traditional View

Traditional view often refers to conventional or long-established perspectives and methods in various fields or societal norms.

Active Listening

The practice of fully concentrating on what is being said, understanding the message, and responding thoughtfully.