Suppose a Competitive Firm Is Paying a Wage of $12

question 196

Multiple Choice

Suppose a competitive firm is paying a wage of $12 an hour.Assume that labour is the only input.If hiring another worker would increase output by four units per hour, then to maximise profits the firm should

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

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Definitions:

Muscle Control

The ability to direct and regulate muscle movement, essential for coordinating physical actions and maintaining posture.

Excessive Snoring

Loud breathing during sleep that can indicate sleep disorders, such as obstructive sleep apnea.

Sleep Apnea

Sleep apnea is a sleep disorder characterized by repeated interruptions of breathing during sleep, leading to poor sleep quality and increased risk of various health issues.

Sleeping Difficulties

Issues related to falling asleep, staying asleep, or obtaining restful sleep, significantly impacting one’s health and wellbeing.