The Figure Below Shows Output of a Firm at Different

question 208

Multiple Choice

The figure below shows output of a firm at different number of workers. Payment to workers is the only variable cost of the firm.

-Refer to the figure above.If the price of the output is $3.00 per unit and the wage is $11.00 per worker,the firm's optimal choice in the short run is to hire ________ workers.

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Situational Interview

A job interview technique where candidates are asked to describe how they would handle specific workplace situations.

Nondirective Interviews

An interviewing technique where the interviewer asks open-ended questions, allowing the interviewee more control over the conversation.

Validate

To confirm or verify the accuracy or legitimacy of something, often through the provision of evidence or demonstration.

Hypothetical Incidents

Scenarios or events that are imagined for the purpose of discussion or analysis, not based on actual occurrences.