As a Result of Increasing Its Workforce from 9 Workers

question 177

Multiple Choice

As a result of increasing its workforce from 9 workers to 10 workers, a firm's total revenue per day increases from $60,000 to $60,250 and its total cost per day increases from $58,500 to $58,700. The marginal profit of the 10^th worker is

• A)-$50.
• B)$50.
• C)$200.
• D)$250.

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Definitions:

Benefits

Advantages or financial assistance provided, typically by an employer, the government, or insurance.

HRM Specialists

Professionals in the field of Human Resource Management who focus on specific areas such as recruitment, training, performance management, and employee relations.

Employee Relations

The management of the relationship between employers and employees to ensure mutual satisfaction and address issues like rights, conditions, and disputes.

Compensation And Benefits

The combination of salary, wages, and additional perks or rewards that an employer provides to employees in exchange for their work and performance.