Which of the Following Is FALSE Regarding the General Rule

question 105

Multiple Choice

Which of the following is FALSE regarding the general rule for hiring?

• A) Virtually every optimizing rule in economics involves comparing marginal benefits with marginal cost.
• B) The benefit from added workers is extra output and consequently more revenues.
• C) The firm hires workers up to the point at which the additional cost associated with hiring the last worker is equal to the additional revenue generated by that worker.
• D) If any firm hired fewer workers over time, profits would definitely increase at that firm.

---

Definitions:

Calcium Salts

Inorganic compounds found in bones and teeth, critical for maintaining their hardness and strength.

Bone Tissue

A hard, dense connective tissue forming the structure of the skeleton and providing support and protection for the body.

F-distribution

A continuous probability distribution that arises frequently as the null distribution of a test statistic, especially in ANOVA and regression analysis.

Critical Value

A critical value is a point on the test distribution that is compared to the test statistic to determine whether to reject the null hypothesis.