If a Firm Hires 10 Workers at $6 Per Hour

question 97

Multiple Choice

If a firm hires 10 workers at $6 per hour each and the 11^th worker will be hired only if the wage rate falls to $5 per hour,the marginal wage rate must be

• A)-$5.
• B)$5.
• C)-$5.50.
• D)$5.50.

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Definitions:

Humanistic Psychology

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Charles Darwin

A British naturalist whose theory of evolution by natural selection became the foundation for modern evolutionary studies.

William James

A pioneering psychologist and philosopher who made significant contributions to the fields of psychology, especially in understanding human consciousness and pragmatism.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior over internal processes.