If the Total Cost Incurred by a Firm in Hiring

question 68

Multiple Choice

If the total cost incurred by a firm in hiring ten workers is $45 and the total cost incurred when the eleventh worker is hired is $60,the marginal cost of hiring the eleventh worker is ________.

• A) $1.33
• B) $15
• C) $20
• D) $105

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Definitions:

Agreeableness

A personality trait characterized by warmth, friendliness, and a tendency towards cooperation and social harmony.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Neuroticism

A characteristic of personality marked by feelings of emotional unpredictability, nervousness, frequent mood changes, annoyance, and melancholy.

Self-Control

Self-Control is the ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.