Firms Should Hire Additional Units of a Resource as Long

question 152

Multiple Choice

Firms should hire additional units of a resource as long as the

• A) marginal product of the resource exceeds the price of the resource multiplied by the quantity of output produced.
• B) marginal product of the resource is less than the price of the resource.
• C) price of the output produced is positive.
• D) marginal revenue product of the resource exceeds the cost of employing an additional unit of the resource.

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Definitions:

Organizational Citizenship Behavior

Voluntary employee behaviors that contribute to the overall effectiveness of the organization but are not directly recognized by the formal reward system.

OCB

Organizational Citizenship Behavior; actions by employees that are beneficial to the organization but are not required as part of their job.

Adventure Career Path

A career trajectory that involves engaging in work that is dynamic, potentially unconventional, and filled with new and exciting challenges.

Oregon Vocational Interest Scales

A psychological assessment tool used to evaluate an individual’s interests and aptitudes in relation to various vocational paths.