Which Rule Does the United Corporation Use When Maximizing Profit

question 148

Multiple Choice

Which rule does the United Corporation use when maximizing profit?

• A) Employ all resources until the value of their marginal products is equal.
• B) If the value of the marginal product of labor exceeds the wage rate, hire fewer workers.
• C) Hire labor up to point at which the value of marginal product of labor equals the wage rate.
• D) Reduce the wage rate until it equals the marginal product of labor.
• E) Hire labor up to point at which the value of marginal product of labor equals the price of the good or service the labor produces for United Corporation.

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Definitions:

Resistance To Change

is the unwillingness or opposition of individuals or groups within an organization to adopt new strategies, processes, or changes, often due to fear of the unknown or loss of comfort.

Education And Communication Strategy

A planned approach to disseminating information and fostering learning, typically aimed at achieving specific organizational objectives or societal goals.

Employee Resistance

The opposition or pushback from employees against changes or policies implemented by management.