MrSmith's Firm Is Currently Hiring 30 Workers

question 39

Multiple Choice

Mr.Smith's firm is currently hiring 30 workers.The value of marginal product of the last worker is $7.00 per hour.The wage rate is $8.00 per hour.To increase profit,Mr.Smith should

• A)continue hiring 30 workers because the firm earns a surplus of $1.00 on each worker hired.
• B)increase the price of the firm's product so that the value of marginal product increases to $8.00 per hour.
• C)decrease the price of the firm's product so that the value of marginal product increases to $8.00 per hour.
• D)decrease the number of workers until the value of marginal product of labour equals $8.00.
• E)increase the number of workers until the value of marginal product of labour equals $8.00.

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Definitions:

Rectal Suppository

A solid medication form inserted into the rectum, where it dissolves or melts to exert a local or systemic effect.

Rectal Wall

The layer of tissue that forms the inner lining of the rectum, part of the lower gastrointestinal tract.

Internal Sphincter

A circular muscle that helps control the passage of contents through bodily openings, such as the anus or urethra, functioning involuntarily.

Vaginal Suppositories

Medication in solid form designed to be inserted into the vagina where it dissolves and delivers its medicinal effect locally.