If the MPP of the Last Worker Hired Is 3

question 86

Multiple Choice

If the MPP of the last worker hired is 3 units per hour,product price is constant at $5 per unit,and the wage rate is $18 per hour,then:

• A) The last worker hired is profitable for the firm.
• B) The employer should raise wages and hire more workers.
• C) The last worker hired should not be employed because she costs more than she is worth.
• D) In order to earn a profit,the price of the product must decrease.

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Definitions:

Reflexivity Of Knowledge

Reflexivity of knowledge suggests that knowledge is not just a passive reflection of reality but is influenced by the biases and perspectives of those who produce it.

Mutual Recognition

A concept in social and political theory emphasizing the reciprocal acknowledgement and respect of the rights, dignity, and agency of others as fundamental to ethical relations.

Mutual Display

The act of exhibiting or demonstrating something mutually among individuals or groups, often used in the context of social rituals and interactions.

Defense Of Modernity

Arguments or reasons put forward to support the development and inherent values of modern society, including progress, science, and rationality.