A Firm Will Find It Profitable to Hire Workers Up

question 41

Multiple Choice

A firm will find it profitable to hire workers up to the point at which their

• A) marginal resource cost equals their wage rate.
• B) wage rate equals product price.
• C) MP is equal to their MRP.
• D) marginal resource cost is equal to their MRP.

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Definitions:

Fork

A tool consisting of a handle with several narrow tines on one end, used for eating or serving food.

Positive Reinforcers

Stimuli that increase the probability of a behavior being repeated by providing a desirable outcome or reward.

Behaviors

Actions or reactions of an individual or system in response to external or internal stimuli.

Strengthen

To make or become stronger, more forceful, or more resistant to stress.