For a Certain Firm,the Number of Workers Hired Is the Only

question 38

Multiple Choice

For a certain firm,the number of workers hired is the only variable input.When this firm's production function is illustrated on a graph,what is measured on the axes

• A)The number of workers is measured on the horizontal axis, and the quantity of output is measured on the vertical axis.
• B)The number of workers is measured on the horizontal axis, and variable cost is measured on the vertical axis.
• C)The number of workers is measured on the horizontal axis, and profit is measured on the vertical axis.
• D)The number of workers is measured on the horizontal axis, and total cost is measured on the vertical axis.

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Definitions:

Millennials

A generational cohort following Generation X, typically considered to be born between the early 1980s and late 1990s.

Corporate Social Responsibility

A business philosophy that involves taking part in initiatives that benefit society, reflecting a company's commitment to ethical practices and contribution to economic development while improving the quality of life of the workforce and their families, as well as of the community and society at large.

Good Citizenry

The behavior of individuals or organizations that reflects commitment to the well-being of society and the environment, often going beyond legal or economic obligations.

Society

A community of individuals bound together by shared customs, laws, and social institutions, exhibiting a distinctive culture and norms.