What Is the Benefit to the Firm from Hiring One

question 31

Multiple Choice

What is the benefit to the firm from hiring one more additional worker?

• A)Marginal revenue product of labour.
• B)Marginal revenue.
• C)Marginal profit.
• D)Total revenue.

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Definitions:

Exposure Therapy

A psychological treatment that helps individuals confront their fears by gradual and repeated exposure to the feared object, situation, or activity in a controlled way.

Rational Emotive Behavior Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, rational thoughts.

Unproductive Beliefs

Thoughts or beliefs that are detrimental to one's well-being or success, often leading to negative outcomes or preventing positive action.

Aaron Beck

A psychiatrist known for developing cognitive therapy, which focuses on changing unhelpful thinking patterns to improve mental health.