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

question 67

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.

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Definitions:

Agency Provides

The act of supplying or making available services or resources by an organization.

Hazard Requiring Label

Substances or situations that pose a risk to health, safety, or the environment, necessitating warning labels.

Fine-Focus Dial

A control knob on a microscope used to make small adjustments in focus to enhance the clarity of the image.