Exhibit 27-7 
Refer to Exhibit 27-7. For technological reasons, this monopsonist can hire labor only in increments of 10 workers. The profit-maximizing number of workers is
Definitions:
Halo Error
A cognitive bias in performance appraisals where an evaluator's overall impression of a person influences their judgement about specific traits or attributes.
Time Management
The process of planning and controlling how much time to spend on specific activities, aiming to increase efficiency, productivity, and effectiveness.
Multisource Input
A method of gathering feedback or input from multiple sources, often used in performance appraisal to get a comprehensive view of an employee's performance.
Encouragement
The act of giving support, confidence, or hope to someone, often used in a work context to inspire or motivate employees.
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