A Firm Is Thinking of Hiring an Additional Worker to Their

question 3

Multiple Choice

A firm is thinking of hiring an additional worker to their organization who they believe can increase total productivity by 100 units a week.The cost of hiring him or her is $1500 per week.If the price of each unit is $12,

• A)the MR of hiring the worker is $1500
• B)The MC of hiring the worker is $1200
• C)The firm should not hire the worker since MB<MC
• D)All the above

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Definitions:

Divergent Intelligence

A cognitive trait characterized by the ability to think in varied, unique, and unconventional ways to solve problems.

Convergent Intelligence

Refers to the ability to apply logical reasoning and problem-solving skills to arrive at correct solutions, blending various pieces of information towards a common goal.

Organism's Behavior

The various movements, actions, and reactions of an organism in response to its environment, often aimed at survival and reproduction.

Learning

Relatively persistent or even permanent change in behavior that results from experience.