A Profit-Maximizing, Competitive Firm Will Always Hire an Additional Worker

question 350

Multiple Choice

A profit-maximizing, competitive firm will always hire an additional worker when the additional worker makes a positive contribution to

• A)total revenue.
• B)total profit.
• C)the value of the marginal product of labor.
• D)marginal revenue.

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Definitions:

Truth-Seeking

Means that a person has intellectual integrity and a courageous desire to actively strive for the best possible knowledge in any given situation. A truth-seeker asks probing questions and follows reasons and evidence wherever they lead, even if the results go against his or her cherished beliefs.

Evaluate an Argument

The process of critically analyzing an argument to determine its validity and soundness.

Negative Evaluative Adjectives

Adjectives used to express a negative judgment or assessment of someone or something.