Assume That the Product Price Is $4 Per Unit and That

question 86

Multiple Choice

Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.3, the contribution to total revenue of the fourth worker hired is

• A) $76 per hour.
• B) $16 per hour.
• C) $4 per hour.
• D) $12 per hour.

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Definitions:

Employee Benefit Programs

Packages offered by employers which may include retirement plans, health insurance, life insurance, and other perks, intended to attract and retain employees.

Conference Board of Canada

An independent, not-for-profit research organization that specializes in economic trends, organizational performance, and public policy issues in Canada.

Financial Contributions

The act of providing monetary resources to support a project, individual, organization, or cause.

Canada Pension Plan

A governmental social insurance program in Canada that provides retirement, disability benefits, and survivor benefits.