Suppose the Firm Wants to Manufacture an Additional 500 Units

question 22

Multiple Choice

Suppose the firm wants to manufacture an additional 500 units of output and can use either capital or labor.Each additional unit of capital costs $50,while each additional worker demands a wage of $10 an hour.Capital will generate 25 units of output,while a worker will generate 2 units of output per hour.What will the firm do?

• A) The firm will employ 250 workers.
• B) The firm will purchase 20 units of capital.
• C) The firm will purchase 30 units of capital.
• D) The firm will employ 20 workers.
• E) The firm will employ 250 workers and 20 units of capital.

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Definitions:

Ethical Dilemmas

Situations where individuals face conflicting moral principles, making it challenging to decide on the appropriate course of action.

Generalist Intervention Model

A multi-level approach in social work that is adaptable to a variety of client systems and problems, emphasizing the interchangeability of methods and techniques.

Macro System

The outermost layer in ecological systems theory, encompassing the societal norms, values, and laws that shape individuals' and communities' environments.

Social Justice

Social justice is the pursuit of fairness and equality in society, advocating for the equitable distribution of wealth, opportunities, and privileges within a community.