menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 3: Market Power and Pricing Strategies
  5. Question
    If an Additional Worker Costs You Rs
Solved

If an Additional Worker Costs You Rs

Question 13

Question 13

Multiple Choice

If an additional worker costs you Rs. 15 per hour, and that person can add 25 units of output to the firm, you should hire that person as long as


A) 25 remains above rs.15
B) 25/rs.15 is greater than zero
C) rs.15/25 is great than zero
D) the value of the marginal product is above rs.15 .............

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Few firms exist under:<br>A)Perfect competition<br>B)Oligopoly<br>C)Monopolistic competition<br>D)Both perfect

Q9: A major source of monopoly power in

Q10: According to economic pricing theory, the basic

Q11: Price discrimination is a strategy in<br>A)monopoly<br>B)perfect competition<br>C)monopolistic

Q12: The supply curve for the monopolist<br>A)does not

Q14: Marginal revenue for a monopolist is equal

Q15: Suppose a competitive firm produces 100 units

Q16: Entry is restricted under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic competition<br>D)All of

Q17: That the perfectly competitive firm will pick

Q18: Differentiated but close substitutes exist under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines