If 10 Workers Will Be Hired by a Firm at a Wage

question 91

Multiple Choice

If 10 workers will be hired by a firm at a wage rate of $15 per hour,but the 11^th worker will be hired only if the wage rate falls to $14 per hour,then the marginal wage of the 11^th worker is

• A)$4 per hour.
• B)$14 per hour.
• C)$154 per hour.
• D)-$1 per hour.

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Definitions:

Distinctiveness

The quality of being easily distinguishable from others due to unique characteristics or features.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well, and to take obligations to others seriously.

Neuroticism

A personality trait characterized by anxiety, moodiness, worry, envy, and jealousy.