If an Additional Worker Costs You $15 Per Hour and Can

question 49

Multiple Choice

If an additional worker costs you $15 per hour and can add 10 units of output to the firm, you should hire that person as long as

• A)The value of marginal product is above $15
• B)10 remains above $15
• C)Your output is maximized
• D)Demand for your product is increasing

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Definitions:

Physical Contact

The act of touching or being in direct contact with someone or something.

Assaulted

Being subjected to a sudden, violent attack or an attempt to cause physical harm to another person.

Defamation

The act of communicating false statements about a person, resulting in damage to that person's reputation or standing.

Reputation

The general belief or opinion that people have about someone or something based on past actions or performances.