A Competitive, Profit-Maximizing Firm Hires Labour Until The

question 147

Multiple Choice

A competitive, profit-maximizing firm hires labour until the:

• A)marginal product of labour equals the wage.
• B)price of output multiplied by the marginal product of labour equals the wage.
• C)real wage equals the real rental price of capital.
• D)wage equals the rental price of capital.

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Definitions:

Social Engineering

is the art of manipulating people so they give up confidential information, often used in the context of information security.

ID Badge

A card or badge displaying the identity of the wearer, often used for access control or identification in workplaces.

Cyberterrorism

The use of the internet and digital technologies by individuals or groups to carry out terrorist activities or to threaten national security, cause harm, or incite fear.

Cyberwarfare

War in which a country’s information systems could be paralyzed from a massive attack by destructive software.