Suppose the Marginal Resource Cost of the Tenth Worker Hired

question 26

Multiple Choice

Suppose the marginal resource cost of the tenth worker hired by a firm is $4 and the wage of the tenth worker is $3.The firm will hire ten workers if the marginal revenue product of the tenth worker is _____.

• A)$1.
• B)less than $3.
• C)greater than or equal to $3.
• D)greater than or equal to $4.
• E)less than $4.

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Definitions:

Closing Thought

The final idea or statement in a piece of writing, designed to leave a lasting impression on the reader.

Deductive Sequence

A logical progression where conclusions are drawn based on general principles or premises leading to specific results.

Indirect Sequence

A communication strategy that presents supporting details and evidence before revealing the main idea or conclusion.

Neutral-News Messages

Communications that are intended to inform without showing bias or eliciting strong emotional reactions.