A Firm Should Hire More Workers to Increase Its Profits

question 112

Multiple Choice

A firm should hire more workers to increase its profits if

• A)the marginal product of labor is greater than the wage the firm will pay these workers.
• B)the wage rate is less than the marginal revenue product of labor.
• C)there is enough capital and other resources for the workers to use.
• D)the demand for labor is elastic.

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Definitions:

Dyspnea

Sensation of shortness of breath.

Urinary Retention

The inability to completely empty the bladder, often resulting in discomfort and potential urinary tract infections.

Voided

Refers to the process of urination or the act of emptying the bladder.

Safety Rail

A barrier or support installed to prevent falls and enhance mobility, commonly used in healthcare settings and home environments.