When a Profit-Maximizing Firm Makes a Decision to Employ a Worker,that

question 172

Multiple Choice

When a profit-maximizing firm makes a decision to employ a worker,that decision is based on:

• A) the individual contribution that the worker makes to the profit of the firm.
• B) the average productivity of the firm's labor force.
• C) the familial relationship between the employer and the employee.
• D) the total output produced by the firm.

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Definitions:

Timers

Devices or software tools that measure time intervals, commonly used in industrial control systems to control operations and processes over time.

Motor(s) Start(s)

The process of initiating the operation of an electric motor, activating its mechanism to begin rotation or movement.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.