When a profit-maximizing firm makes a decision to employ a worker, that decision is based on:
a. the individual contribution that the worker makes to the profit of the firm.
b. the average productivity of the firm's labor force
c. the familial relationship between the employer and the employee.
d. the total output produced by the firm.
a
Economics
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A situation in which the unregulated competitive market outcome is inefficient because prices fail to provide proper signals to buyers and sellers is known as:
A) an imperfectly competitive market. B) a market failure. C) a deadweight loss. D) a disequilibrium.
Economics
You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?
a. $5,295.43 b. $9,070.30 c. $10,000.00 d. $20,000.00 e. $100,000.00
Economics