Suppose a Firm Is Hiring 20 Workers at a Wage

question 94

Multiple Choice

Suppose a firm is hiring 20 workers at a wage rate of $60.The average product of labor is 30,the last worker added 12 units of output,and total fixed cost is $3,600.What is average total cost?

• A)$2
• B)$8
• C)$600
• D)$1800
• E)none of the above

Recognize various methods for measuring performance and their applications.

Analyze the criteria for determining the effectiveness of performance measures, including validity, reliability, and specificity.

Explore the roles of different sources of performance appraisal information and their biases.

Comprehend the advantages and challenges associated with different performance appraisal methods.