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

question 10

Multiple Choice

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

• A)the value of marginal product is between $10 and $14.
• B)the product price is at least $1.50.
• C)the marginal product of the worker is greater than the value of the marginal product.
• D)demand for your product is increasing and you sell in a competitive market.

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Definitions:

Personal Unconscious

A term in analytical psychology referring to all information that is present within an individual's mind, but not consciously acknowledged.

Preconscious

The part of the mind that contains thoughts and feelings that are not currently in consciousness but can be accessed.

Subconscious

The part of the mind not fully accessible to conscious thought but affecting behavior and emotions.

Psychological Types

To Jung, eight personality types based on interactions of the attitudes (introversion and extraversion) and the functions (thinking, feeling, sensing, and intuiting).