If a Firm Hires 12 Workers at $9 Per Hour

question 133

Multiple Choice

If a firm hires 12 workers at $9 per hour each and the 13^th worker will be hired only if the wage rate falls to $8 per hour, the marginal wage rate must be

• A) -$8.
• B) $8.
• C) -$4.
• D) $4.

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Definitions:

Augustine

An early Christian theologian and philosopher known for his writings that influenced the development of Western Christianity and Western philosophy.

Faith

In the popular sense, a belief in something for which you have inadequate evidence or little good reason. In theology, faith usually refers to the trust a believer should have in God’s ultimate grace and fairness. Sometimes, faith is defended as a rational belief in God (for example, in Kant). More often, faith is defended against rationality (as in Kierkegaard).

Good Works

Actions or deeds that reflect moral virtue and contribute positively to the wellbeing of others.

Philosophical Questions

Philosophical Questions are profound inquiries that explore essential aspects of existence, knowledge, values, and reason.