Workers Who Are Hired to Deal with Short-Term Increases in a Business

question 29

Multiple Choice

Workers who are hired to deal with short-term increases in a business' workload are known as:

• A) flextime workers.
• B) short-term workers.
• C) specialized workers.
• D) contingent workers.

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Definitions:

ATC

Average Total Cost, a firm's total cost divided by its total output.

Demand

The quantity of a specific good or service that consumers are willing and able to purchase at different price levels, at a given time.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit varies with the quantity of output produced, typically upward sloping due to increasing marginal costs.

Average Variable Cost

The total variable cost of production divided by the quantity of output, representing the variable cost per unit of output.