If a Firm Can Increase Output by Hiring More Workers

question 45

Multiple Choice

If a firm can increase output by hiring more workers then

• A)it will always do so.
• B)it will never do so.
• C)it will do so only if the cost of hiring the workers (and purchasing the materials)is less than the increase in revenues associated with the increase in sales.
• D)it will do so only if the cost of hiring the workers (and purchasing the materials)is more than the increase in revenues associated with the increase in sales.

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Definitions:

Adaptive

Characterizing an ability or tendency to adjust effectively to new conditions or environments.

Imperative

Describes something that is absolutely necessary or required, often used in the context of commands or duties.

Integration Imperative

The perceived need or policy goal of integrating diverse groups into a cohesive and functioning society, emphasizing unity and cooperation.

Social System

Refers to a complex set of human relationships interacting in many ways and at multiple levels, including institutions, organizations, and individuals.