A profit-maximizing firm will base its decision to hire workers on the additional costs and benefits of each worker.If the extra output that is produced by hiring one more unit of labour adds more to _____ than to _____,the firm will increase its profit by increasing the use of labour.
A) total cost;total revenue
B) total revenue;total cost
C) marginal cost;marginal revenue
D) marginal cost;total cost
Correct Answer:
Verified
Q53: When a firm is a perfect competitor
Q54: A firm's demand curve for labour is:
A)
Q55: To maximize profits,a firm will employ workers
Q56: Barry's Brewpub is considering hiring more brewmasters.A
Q57: Mary is considering hiring another worker in
Q59: The individual producer's labour demand curve is
Q60: Maria operates a persimmon orchard in southeastern
Q62: Suppose that the labour market for plumbers
Q63: Benny employs people to sell candy bars
Q72: A decrease in the demand for pastry
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents