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:

AGI Threshold

The adjusted gross income level that triggers various tax benefits, deductions, and credits to phase out.

Tax Preparation Fees

The costs incurred for professional services to prepare and file taxes, which can sometimes be deducted from taxable income.

Charitable Contributions

Donations made to qualified organizations that may be deductible from taxable income, subject to certain limits and requirements.

Political Parties

Organized groups that aim to influence public policy and government by nominating candidates for public office and securing seats in legislative bodies.