A Firm's Primary Interest When It Hires an Additional Worker

question 218

Multiple Choice

A firm's primary interest when it hires an additional worker is

• A) the cost of hiring the additional worker.
• B) how the average output of the firm will be affected by this new worker.
• C) the extra revenue the firm realises from hiring that worker.
• D) whether or not the new worker gets along with the firm's existing workers.

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Definitions:

Past Consideration

Consideration for a contract that has already been provided before the agreement is made, not valid as consideration in most legal systems.

Services Provided

Tasks or activities that are performed for the benefit of another party, usually in exchange for compensation.

Rescinded

Revoked, canceled, or annulled, often referring to contracts that are declared void and without legal effect.

New Price

Refers to the updated or current price of a product or service that may differ from previous pricing.