Consider Labour That Is Hired for $18 Per Hour

question 10

Multiple Choice

Consider labour that is hired for $18 per hour.If the last hour hired produces 8 units of output which sells for $2 per unit,that labour- hour adds _ to the firm's profit and so labour should be hired.

• A)$16; less
• B)$16; more
• C)$0; no
• D)- $2; less
• E)- $128; more

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Definitions:

Acknowledge

To recognize the existence, validity, or legality of something or someone's efforts or achievements.

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To remain in a state of rest or stand by without complaint while anticipating an outcome.

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