An Auto Service Station Has Four Mechanics

question 100

Multiple Choice

An auto service station has four mechanics.If the marginal revenue product of the fourth worker is $375 per day and the mechanics are paid $150 per day,the firm

• A)can make a greater profit by laying off some of the mechanics.
• B)can make a higher profit by hiring more mechanics.
• C)is maximizing profits.
• D)will reduce its profits if it hires more mechanics.

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Definitions:

Affect Women

Refers to the specific impact or influence that certain actions, policies, or social dynamics may have on women.

Resistance To Change

The act of opposing or struggling with modifications or transformations that alter the status quo in an organization or personal level.

Disrupted Habits

Disrupted Habits describe patterns of behavior that have been interrupted or changed, often due to external factors or interventions.

Fast Rate

A rapid pace or speed of change, development, or movement.