Which Rule Does the United Corporation Use When Maximizing Profit

question 148

Multiple Choice

Which rule does the United Corporation use when maximizing profit?

• A) Employ all resources until the value of their marginal products is equal.
• B) If the value of the marginal product of labor exceeds the wage rate, hire fewer workers.
• C) Hire labor up to point at which the value of marginal product of labor equals the wage rate.
• D) Reduce the wage rate until it equals the marginal product of labor.
• E) Hire labor up to point at which the value of marginal product of labor equals the price of the good or service the labor produces for United Corporation.

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Definitions:

Individual Rights

The rights and freedoms entitled to each person, often protected by law, including freedom of speech, religion, and the right to privacy.

Ethical Concern

A consideration or issue that reflects debates over right versus wrong behavior within a moral framework.

Organizational Change

The process by which organizations transform their structure, strategies, policies, or culture to adapt to external or internal changes.

Self-Esteem

A psychological concept that reflects a person's overall subjective emotional evaluation of their own worth.