If a Firm Hires Another Worker and Her Marginal Product

question 47

Multiple Choice

If a firm hires another worker and her marginal product of labor is positive,we know that the firm's total output is

• A) decreasing.
• B) unchanged.
• C) increasing.
• D) zero.
• E) equal to the marginal product of that worker.

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Definitions:

Polychronic Culture

A cultural trait which values multitasking and the engagement in multiple activities simultaneously.

Cultural Tightness-looseness

A concept describing the extent to which social norms are rigidly adhered to and the tolerance level for deviance from these norms within a culture or society.

Tolerance

The ability or willingness to tolerate the existence of opinions or behavior that one dislikes or disagrees with.

Monochronic Cultures

Societies that value linear time-orientation, preferring to do tasks one at a time and emphasizing schedules and punctuality.