Use the Following Graph,which Depicts Mighty Max's Labor Demand for His

question 4

Multiple Choice

Use the following graph,which depicts Mighty Max's labor demand for his duffel bag business,to answer the following questions.The labor demand curve shown is calculated based on a duffel bag price of $10.

-If the wage of the fifth worker is $20 and his or her value of the marginal product of labor is $25,the firm

• A) benefits by stopping at this level of labor.
• B) is likely to fire the fifth worker.
• C) asks this fifth worker to work overtime.
• D) is likely to benefit by hiring more workers.
• E) is likely to lose profit by hiring more workers.

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Definitions:

Audience Needs

The requirements, expectations, or preferences of the intended recipients of a message or performance.

"You" Attitude

A communication style that focuses on the needs, interests, and concerns of the audience, rather than the speaker.

Credibility

The quality of being trusted, believable, or convincing based on one's knowledge, reliability, or reputation.

Pompous Language

The use of overly self-important or grandiose language intended to impress others.