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:

Normal Physical Sensations

Ordinary or typical bodily feelings that arise from everyday activities, conditions, or responses to the external environment.

Dreaded Disease

A term referring to a particularly feared illness or condition, often because of its severity, painfulness, or the lack of a cure.

Persistence

The sustained effort and determination to achieve goals despite obstacles, difficulties, or discouragement.

Effort

The amount of physical or mental energy exerted towards achieving a task, goal, or objective.