If the Marginal Factor Cost of Hiring an Additional Worker

question 68

Multiple Choice

If the marginal factor cost of hiring an additional worker is $10 while the marginal revenue product is $15, then the firm should

• A) hire more workers.
• B) stop hiring more workers.
• C) fire some workers.
• D) none of the above: insufficient information to answer the question.

---

Definitions:

Chapter 13

A section of the U.S. Bankruptcy Code allowing individuals earning a regular income to develop a plan to repay all or part of their debts.

Transnational Insolvencies

Insolvency proceedings that involve debtors, assets, claimants, and other parties of interest across multiple countries, requiring coordination between different legal systems.

Median Income

The middle value of income in a list of incomes ordered from lowest to highest, used as a standard measure to indicate the income level of a typical member of a specific group.

Chapter 13

refers to a type of bankruptcy that involves a repayment plan allowing individuals to pay back their debts over a period of time.