The Hiring Decision of a Profit-Maximising Firm Is Directly Linked

question 15

Multiple Choice

The hiring decision of a profit-maximising firm is directly linked to the:

• A)relationship between labour inputs and output described by the production function
• B)value of leisure time to a worker
• C)number of workers available for work
• D)marginal satisfaction that a worker receives from labour

---

Definitions:

Adducts

The movement of a limb or other part toward the midline of the body or toward another part.

Swan-neck Deformity

A condition characterized by hyperextension of the proximal interphalangeal joint and flexion of the distal interphalangeal joint of the fingers, often associated with rheumatoid arthritis.

Ulnar Deviation

A hand condition where the fingers bend towards the ulna bone and the outer side of the forearm, often associated with rheumatoid arthritis.

Rheumatoid Arthritis

A chronic autoimmune condition causing inflammation, pain, and deformity in the joints.