Use the Table to Answer the Following Question

question 9

Multiple Choice

Use the table to answer the following question.
If the market wage rate is $150 per worker, how many workers should be employed if the firm wants to maximize profit?

• A)3
• B)4
• C)5

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Definitions:

Multiple-hurdle Model

A selection process in which an applicant must successfully pass a series of tests or criteria to move to the next stage of evaluation.

Employment Tests

Assessments used by employers to evaluate a candidate's qualifications, skills, or suitability for a specific job or role.

Broad Categories

General or wide-ranging classifications used to organize content, ideas, objects, or phenomena into groups.

Human Resource Planning

Identifying the numbers and types of employees the organization will require in order to meet its objectives.