A Profit-Maximizing Firm Will Base Its Decision to Hire Workers

question 29

Multiple Choice

A profit-maximizing firm will base its decision to hire workers on the additional costs and benefits of each worker.If the extra output that is produced by hiring one more unit of labor adds more to _____ than to _____,the firm will increase its profit by increasing the use of labor.

• A)total cost;total revenue
• B)total revenue;total cost
• C)marginal cost;marginal revenue
• D)marginal cost;total cost

---

Definitions:

Good Manners

The socially acceptable behaviors and actions that are considered polite and respectful in various social settings.

Perception Of Competence

The extent to which others believe an individual has the ability or skills to perform effectively.

Unspoken Rules

Implicit norms or conventions that are understood and followed by members of a community or society but are not formally documented.

Professional Image

Professional Image is the perception or depiction of an individual or company as competent, reputable, and suitable within a professional context.