To Maximize Profits,a Firm Will Employ Workers Until for the Last

question 2

Multiple Choice

To maximize profits,a firm will employ workers until for the last worker employed:

• A) marginal product of labour is equal to the nominal wage rate.
• B) the value of the marginal product of labour is equal to the wage rate.
• C) the value of the marginal product of labour is equal to the price per unit of output.
• D) the value of the marginal product of labour is as high as possible.

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Definitions:

Outermost Membrane

The most external membrane that encloses a cell or organelle, serving as a protective barrier and mediating interactions with the external environment.

Extraembryonic Membrane

A set of tissues formed by embryos of amniotes (reptiles, birds, and mammals) that provide support and protection but do not form part of the body of the embryo itself.

Blood Vessels

Blood vessels are tubular structures carrying blood throughout the body, including arteries, veins, and capillaries.

Human Chorionic Gonadotropin

Human chorionic gonadotropin is a hormone produced during pregnancy that supports the normal development of an egg in a woman's ovary, and stimulates the release of the egg during ovulation.