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:

Fear of Failure

The apprehension of falling short of one’s goals, which can deter individuals from taking risks or pursuing certain opportunities.

Prototype

An early model or release of a product used to test a concept or process or to act as a thing to be replicated or learned from.

Insulin Injection

A medical procedure where insulin is injected into the body to help manage blood sugar levels in people with diabetes.

Customer Tastes

Preferences or inclinations of consumers, which influence their buying behaviors and choice of products or services.