If a Firm Hires 10 Workers at $6 Per Hour

question 18

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.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without the need for prior learning.

Conditioned Stimulus

An initially neutral signal that, once associated with an unconditioned stimulus, triggers a learned response.

Conditioned Response

is a learned reaction to a conditioned stimulus that occurs because of previous conditioning, typically in the context of classical conditioning.