By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market

Question:

By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market can

a. Maximize the amount of labor hired.

b. Minimize the amount of capital used.

c. Maximize their profits.

d. Both a and c

e. All of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

See More Books

Question Posted: Oct 28, 2023 08:37 AM

See More Questions

The sketch shows the right portion of a half-body modeling a small lake. The vertical line source of length 4 ft simulating water being drawn from the lake for a fountain at a volume rate of flow of...
Sketch the graph of the polynomial function. Use synthetic division and the remainder theorem to find the zeros. f(x) = -x+4x+7x-10 3 What are the zeros of f(x) = -x+4x+7x-10? (Use a comma to...
Shaleeza earned $5,100 of dividends and $900 from a part-time job this year. She is claimed as a qualifying relative by her grandmother. What is Shaleeza's taxable income? a. $6,000. b. $4,900. c....
What categories of conflict occurred in this project? At what stage was the project?
What is the significance of digitalization?
Given the following program, which statements are true? Select the two correct answers. (a) If run with no arguments, the program will produce no output. (b) If run with no arguments, the program...
Monroe Bradstad borrowed $$100,000$ from his aunt, Jeanne Garland, to purchase farmland. Both parties subsequently signed a promissory note stipulating that interest would be accrued prior to or on...
You have observed the following returns over time: Assume that the risk-free rate is 6 percent and the market risk premium is 5 percent. a. What are the betas of Stocks X and Y? b. What are the...
Criticism of the World Bank is generally on a diverse range of issues but they generally centre around concern about the approaches adopted by the World Bank in formulating their policies, and the...
The accompanying table shows production figures for Snoodle Corporation, which sells snoodles. Labor is Snoodle's only input, and wages make up Snoodle's only cost. If the equilibrium price of a...
A decrease in the supply of fast-food restaurant workers could be the result of a. Higher wages paid to workers in other types of restaurants b. Lower wages paid to fast-food restaurant workers c....
Determine whether the series is convergent or divergent. If it is convergent, find its sum. 00 n=1 1 4ten
Professor Pacioli was recently asked the following five questions by his aspiring accounting students. Prepare a summary of the professor's reply to each question. (a) Professor, I cannot quite put...
With your professor's help, liaison with a team from either a systems analysis or computer programming class at another school. Your assignment, to complete together, is to build a suitable Web page...
Use the information in the preceding question to create a prototype of the report; use an automated tool such as Microsoft Access (or if you prefer, you can create a prototype the old-fashioned way...
Meet with the person you interviewed in mini case 1 and present them with the design prototype you created. Get their feedback on the design. Do they like it? Could they navigate the pages? What...
In 2007, Italy announced that an Italian journalist, Daniel Mastrogiacomo, who had been held hostage for 15 days by the Taliban in Afghanistan, had been ransomed for 5 Taliban prisoners. Governments...
What actions can result in an auditor being held criminally liable under statutes and regulations?
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
Do you think that people give primarily for altruistic reasons or in order to receive benefits for themselves, including warm feelings, recognition, and social approval? Might the motivations differ...
Some people argue that donors should receive a more generous tax deduction for gifts to organizations that serve the poor, such as homeless shelters, than they receive for gifts to institutions that...
If a friend asks you to sponsor his or her participation in a charity event, such as a run or walk, do you usually give a positive response or not? Why? Would your response be different if that...
The following code is from a function from a implementation we have worked on in class. Assume the list is not empty. What do you think the code achieves? Node *curr root; if (curr != NULL) { while...
Consider the following algorithm Algorithm XYZ(r,q,n) \ ,q,n are positive integers 1. if n=1 then return r 2. else - 3. if n is odd then return XYZ(r,q, n 1) + (n 1)q - 4. else return XYZ...
the output for the following set of code: int sum = 0; int N = 2; int i = 0; while (i

By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market

Question:

Step by Step Answer:

The correct answer is d Both a and c By hiring workers based on their marginal benefits the ad...View the full answer

Introduction To Economics Social Issues And Economic Thinking

Students also viewed these Business questions