If a Firm Hires 312 Workers It Produces 4,522 Computers

question 70

Multiple Choice

If a firm hires 312 workers it produces 4,522 computers. If it hires 313 workers it produces 4,786 computers. If computers sell at a constant price of $1 and labor is hired at a constant wage rate of $65 per worker

• A) the firm should hire and retain the additional worker.
• B) the marginal factor cost of labor is $65.
• C) the marginal revenue product of the added worker is $264.
• D) all of the above
• E) the additional employee brings into the firm a NET revenue of $112.

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Definitions:

In-store Environment

The physical and atmospheric conditions inside a retail store, designed to influence buyers' emotions and behaviors.

Media Communications

The exchange of information and ideas through various channels and platforms, including social media, television, radio, and print media.

Omnichannel Retailers

Retailers that provide a seamless shopping experience across multiple channels, including online, mobile, and in-store, allowing customers to shop in a cohesive way across all platforms.

Share Of Wallet

The amount of a customer's total spending that is captured by a business.