A Profit-Maximizing Firm Should Hire More Labor as Long as

question 101

Multiple Choice

A profit-maximizing firm should hire more labor as long as

• A) the marginal product of the worker is positive.
• B) the marginal revenue product of the worker is positive.
• C) the marginal revenue product of the worker is greater than or equal to the wage rate.
• D) the marginal revenue product of the worker is greater than or equal to the price of the output.

---

Definitions:

Cloud Computing

The delivery of various services, such as storage, servers, databases, networking, software, over the Internet (“the cloud”), offering faster innovation, flexible resources, and economies of scale.

Shared Workspace

A physical or virtual environment where multiple individuals can work collaboratively on tasks or projects.

Virtual Offices

Remote work environments that utilize digital technologies to conduct business operations without a fixed physical location.

Constructive Feedback

Positive or negative feedback provided in a helpful way with the aim of improving performance or behavior.