A Profit-Maximizing Firm Will Continue to Hire Labour Until the

question 89

Multiple Choice

A profit-maximizing firm will continue to hire labour until the

• A)wage rate equals the last worker's marginal product.
• B)last worker's value of marginal product is maximized.
• C)last worker's value of marginal product is negative.
• D)wage rate equals the last worker's value of marginal product.
• E)last worker's value of marginal product equals zero.

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Definitions:

Behavior Therapy

A form of psychotherapy focused on changing negative behaviors through conditioning and reinforcement techniques.

Principles Of Learning

Fundamental guidelines or rules that explain how individuals acquire skills, knowledge, habits, attitudes, or behaviors through study, experience, or teaching.

Orientation Behavior

The ability of an organism to recognize its position in its environment through cues and to adjust its behaviors accordingly.

Systematic Application

The organized, methodical implementation of procedures, practices, or policies in order to achieve specific objectives.