Buddy Is the Owner of a Firm That Bottles Beer

question 19

Multiple Choice

Buddy is the owner of a firm that bottles beer in St.Louis,Missouri.There are many other such firms in the area.Buddy decides that if he pays his workers a wage higher than the going market wage,his profits will increase.Which of the following is a likely explanation for his decision?

• A)The higher the wage,the less often his workers will choose to leave his firm.
• B)The higher the wage,the lower will be the costs of obtaining needed supplies.
• C)The higher the wage,the more he can charge for his beer
• D)The higher the wage,the more he will have to monitor his workers for shirking.

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Definitions:

Adoptive Siblings

Children who are not biologically related but are brought into a familial relationship through the process of adoption by common adoptive parents.

Identical Twins

Siblings born from the same pregnancy who share the same genetic material because they were fertilized from a single zygote that split.

Behavioral Tendencies

Patterns of reaction or action that an individual consistently shows in response to a particular situation.

Personality Trait

Enduring characteristics that describe an individual's behavior, such as introversion or extroversion.