A Firm's Primary Interest When It Hires an Additional Worker

question 129

Multiple Choice

A firm's primary interest when it hires an additional worker is

• A)the cost of hiring the additional worker.
• B)how the average output of the firm will be affected by this new worker.
• C)the extra revenue the firm realizes from hiring that worker.
• D)whether or not the new worker gets along with the firm's existing workers.

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Definitions:

Natural Concepts

Mental representations of objects or events from our daily lives, formed through direct or indirect experiences, rather than defined by strict criteria.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Syllogism

A form of logical reasoning where a conclusion is drawn from two given or assumed propositions (premises), each of which shares a common or middle term not present in the conclusion.

Aristotle

A Greek philosopher and polymath during the Classical period in Ancient Greece, one of the most influential figures in Western philosophy and science.