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:

Distress

A negative emotional state that arises when an individual perceives a situation as threatening or beyond their coping capabilities, often leading to discomfort or pain.

External Attributions

The process of attributing the cause of a person's behavior to external factors, circumstances, or the environment.

Diffusion of Responsibility

A psychological phenomenon where individuals in a group are less likely to take action or feel a sense of responsibility due to the presence of others.

Cognitive Dissonance

A state of psychological discomfort experienced when holding contradictory beliefs, attitudes, or thoughts.