When a Firm Hires a Fourth Worker,its Wage Rate Goes

question 23

Multiple Choice

When a firm hires a fourth worker,its wage rate goes from $80 a worker to $90.The marginal revenue product of the fourth worker is $100.If the firm hires the fourth worker,its profits

• A) will increase by $10.
• B) will increase by $20.
• C) will decrease by $10.
• D) will decrease by $20.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.

Biogenic Amines

Organic compounds, including neurotransmitters like dopamine and serotonin, involved in signal transmission within the nervous system.

Endorphins

Natural chemicals produced by the body that help to relieve pain and stress.

Dopamines

A type of neurotransmitter that plays a significant role in the brain's reward system and motor functions.