Explain How a Firm Values the Contribution of Workers to Its

question 91

Essay

Explain how a firm values the contribution of workers to its profitability. Would a profit-maximizing competitive firm ever stop increasing employment as long as marginal product is rising? Explain your answer.

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Definitions:

Silk Glands

Specialized glands found in arachnids, particularly spiders, that produce the protein fibre known as silk for web construction and other purposes.

Cephalization

The evolutionary trend towards the concentration of sensory and neural organs in the anterior (head) part of an organism.

Triploblastic

Refers to organisms that during embryonic development form three primary germ layers: the ectoderm, mesoderm, and endoderm, which give rise to all bodily tissues and organs.

Cell Division

The process by which a cell replicates its genetic material and divides into two or more separate cells, essential for growth, reproduction, and tissue repair.