Multiple Choice
(p.217In a hiring situation,considering that other potential costs will not change in the short run,the level of demand that maximizes profits is that level at which the _____ of the last hire is equal to the _____ for that hire.
A) demand factor; supply factor
B) marginal output; market price
C) incremental output; marginal output
D) marginal revenue; wage rate
Correct Answer:
Verified
Correct Answer:
Verified
Q72: How do managers tackle the fact that
Q73: Output associated with hiring an additional person,holding
Q74: Pay level decisions have a significant impact
Q75: The market pay rate is the:<br>A)minimum wage
Q76: According to efficiency-wage theory,paying higher wages than
Q78: Among pay-mix alternatives,base pay is largest in
Q79: All of the following except the _
Q80: A lead policy may force the employer
Q81: Evidence shows that in manufacturing,_ is positively
Q82: Employers in highly competitive markets are less