Multiple Choice
A firm can sell as many units of its output as it wants for $10 a piece.The current market wage rate for its workers is $20 per hour.It follows that the firm will hire workers up to the point where the last worker hired produces how much per hour?
A) one unit.
B) two units.
C) one-half a unit.
D) 200 units.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: A competitive firm's demand for labor always
Q62: A monopsonist's short-run demand curve for labor
Q63: According to the standard competitive model,industries with
Q64: A firm's revenue minus its factor payments
Q65: Suppose a firm hires labor in a
Q67: When labor and capital are complements in
Q68: For a regressive factor the scale effect
Q69: In the long run,a competitive firm that
Q70: Reducing Long-Run Labor Usage<br><br>The following questions refer
Q71: When a firm's long-run demand curve for