Labor markets profit maximization

When, after hiring the very last worker, the organization’s profit is similar as it was before the last worker was hired, then the firm must: (1) Hire more workers to raise the profit. (2) Layoff some workers to raise the profit. (3) Not appoint any more workers. (4) Shut down in short run.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Marginal cost due to technology Due to

Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve w

Q : Demand for product is most elastic at

From these points in this figure, demand for cheesy fried grits is largely elastic at a price of: (w) P1 and quantity of Q3. (x) P2 and quantity of Q2. (y) P3 and quantity of Q1. (z) P4 and q

Q : Total increase in national income In an

In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.

Q : Problem regarding to trade restrictions

When the U.S. imposes quotas which restrict imports of textiles from China, this decrease the: (w) demand for textiles within the U.S. (x) supply of Chinese textiles to Europeans. (y) supply of textiles in the U.S. (z) incomes of U.S. textile makers.

Q : Total revenue maximize by profit

A profit maximizing monopoly which does not price discriminate will not: (w) produce in the elastic portion of the market demand curve. (x) experience raised total revenue when it reduces the price. (y) equate marginal revenue and mar

Q : Long-run supply in constant cost

Within a constant-cost industry: (w) short-run supply is totally elastic. (x) long-run supply is completely elastic. (y) short-run supply is fully inelastic. (z) long-run supply is wholly inelastic. I need a good a

Q : Market power of profit maximizing firm

Profit-maximizing firms which have market power: (w) are mostly always subject to government price ceilings. (x) decide how much to produce and what price to charge after estimating both their production costs and market demand, altho

Q : Tastes and Preferences in travel

Can someone help me in finding out the right answer from the given options. Raised ‘love boat’ ticket sales in response to a sequence of stunning travel commercials point out a raise in the: (i) Quantity of romantic vacations demanded. (ii) Demand for the

Q : Individual taker in pure competition

For a particular price taker: (w) price is uninfluenced by quantity. (x) total revenue is constant. (y) profit is constant. (z) consumer surplus is zero. I need a good answer on the topic of Economics

Q : Determine when demand for product is

The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

Discover Q & A

Leading Solution Library

Avail More Than 1437663 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961538
Asked

3,689

Active Tutors

1437663

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment