A Firm Should Hire More Workers to Increase Its Profits

question 112

Multiple Choice

A firm should hire more workers to increase its profits if

• A)the marginal product of labor is greater than the wage the firm will pay these workers.
• B)the wage rate is less than the marginal revenue product of labor.
• C)there is enough capital and other resources for the workers to use.
• D)the demand for labor is elastic.

---

Definitions:

Framing

In communication, the way information is presented to the audience, which influences the perception and interpretation of that information.

Health Care

A system for the provision of medical services to prevent, treat, and manage illness, involving professionals, organizations, and agencies.

Pentagon Papers

Classified government documents regarding the United States' political and military involvement in Vietnam, whose publication in 1971 exposed governmental deception and sparked controversy.

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law, plus original jurisdiction over a few specific cases.