Based on the Table Below, How Many Workers Will the Firm

question 49

Multiple Choice

Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c } \text { Workers } & \text { Output } & \text { Praduct Price } & \text { Wage Rate } \\\hline 1 & 40 & \$ 14 & \$ 500 \\2 & 90 & \$ 14 & \$ 500 \\3 & 160 & \$ 14 & \$ 500 \\4 & 230 & \$ 14 & \$ 500 \\5 & 290 & \$ 14 & \$ 500 \\6 & 340 & \$ 14 & \$ 500 \\7 & 380 & \$ 14 & \$ 500\end{array}$$

• A)4
• B)5
• C)6
• D)7
• E)8

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Definitions:

Delayed Reinforcement

A method in behavior psychology where a reward or punishment is given some time after the desired or undesired behavior, which can impact the effectiveness of the reinforcement.

Whistle-blowers

Individuals who expose wrongful, unethical, or illegal activities occurring within an organization to the public or to those in positions of authority.

Considerable Retaliation

A significant and often disproportionate response to an action or threat perceived as harmful or unjust.

Goal Challenge

The degree of difficulty and the effort required to achieve a specific objective or target, impacting motivation and performance.