The Figure Below Shows Output of a Firm at Different

question 136

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 it is optimal for the firm to hire 2 workers in the short run,then the wage per worker must be ________.

• A) five times the price of output per unit
• B) three times the price of output per unit
• C) twice the price of output per unit
• D) equal to the price of output per unit

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Definitions:

Harassment-free Environment

A workplace or social environment that actively prevents and addresses harassment, ensuring safety and respect for individuals regardless of their background or personal characteristics.

Open-book Management

A business strategy where a company shares financial and other operational information with all employees to engage them in decision making.

Just Cause

A legitimate or legally valid reason, often used in the context of firing or disciplining an employee.

Dismissal

The act of terminating an employee's employment by the employer, often due to performance issues or breaches of contract.