Suppose a Competitive Firm Is Paying a Wage of $12

question 41

Multiple Choice

Suppose a competitive firm is paying a wage of $12 an hour and sells its product at $3 per unit.Assume that labour is the only input.If the last worker hired increases output by three units per hour, then to maximise profits the firm should

• A)not change the number of workers it currently hires.
• B)lay off some of its workers.
• C)hire additional workers.
• D)There is not enough information to answer the question.

Understand the concept and significance of cultural fusion in mergers.

Recognize the strategic and financial benefits of academic and corporate mergers.

Comprehend the extensive planning involved in successful merger integration.

Identify the challenges and strategies in merging workplace cultures.

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Definitions:

Skeletal Muscles

The muscles attached to bones that are responsible for voluntary movements of the body.

Joints

Structures that connect two or more bones in the body, facilitating movement and providing support.

Origin

Refers to the point or place where something begins, arises, or is derived.

Smooth Layers

In certain contexts, it refers to layers that have a uniform and even surface, often found in geological or material science studies.