Which of the following statements is true?
A) Employers are not concerned with determining a potential employee's productivity because they know that with experience the employee's output will increase.
B) Employers are not concerned with determining a potential employee's productivity because they realize that they cannot accurately determine it beforehand.
C) Employers are not concerned with determining a potential employee's productivity because they know that they can train the employee after he's hired.
D) Employers are concerned with determining a potential employee's productivity due to the high costs of training new employees.
Correct Answer:
Verified
Q81: If MRP = VMP = MFC =
Q87: For a factor price taker, the marginal
Q89: Marginal productivity theory implies that a worker
Q91: Exhibit 26-3 Q92: A factor price taker is a firm Q94: Marginal factor cost (MFC)is Q94: A factor price taker faces Q98: Marginal revenue product (MRP)is Q99: A perfectly competitive firm will continue to Q101: Exhibit 26-5 ![]()
A)the additional cost incurred
A)a perfectly elastic
A)equal to marginal revenue![]()
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