Consider Labour That Is Hired for $18 Per Hour

question 67

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

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Definitions:

Termination

The action of bringing something or coming to an end.

Process Evaluation

The assessment of the implementation, mechanisms, and context of a program or intervention to improve its design and effectiveness.

Outcome Evaluation

The assessment of the results of a program or intervention, focusing on whether the intended outcomes were achieved.

Single-subject Research

Single-subject research is a methodological approach employed in the field of psychology and other disciplines, focusing on the study of an individual participant or a single unit to gather detailed data and observe effects over time.