If Another Worker Is Hired with a Marginal Product Greater

question 272

Multiple Choice

If another worker is hired with a marginal product greater than the previously hired worker,which of the following will be true?

• A) total costs will decrease
• B) fixed costs will decrease
• C) marginal cost will increase
• D) marginal cost will decrease
• E) average fixed costs will increase

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Definitions:

Ventromedial Region

An area of the brain involved in regulating emotions, fear, and decision-making processes.

External Cues

Environmental or physical triggers that can influence behavior or perceptions, often without conscious awareness.

Satiety

Satiety is the feeling of being full or satisfied, often experienced after eating, which signals the body to stop consuming food, playing a crucial role in controlling appetite and regulating food intake.

Metabolic Reaction

This term describes a chemical process within a living organism that is necessary for maintaining life, involving the buildup (anabolism) and breakdown (catabolism) of compounds.