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 : Predictable results of unexpected

Predictable results of unexpected development of demand for a competitively produced good comprise increases and in that case gradual decreases in the: (w) price of the good and the profits of producers. (x) consumer surplus derived from the good. (y)

Q : Critics of current welfare programs

Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should

Q : Expected rate of return on R&D

All of the following rise the expected rate of return on R&D expenditures, except: A) patents. B) trademarks. C) imitation by others. D) trade secrets

Q : What are the Components of capital

Components of capital account: (i) Foreign investment (ii) Foreign loans (iii) Banking capital and other capital (iv) Monetary movements.

Q : Problem regarding to tariffs and tax

American buyers would bear a tax burden of ____ when there was a U.S. import tariff equivalent to distance ac, while Japanese sellers would bear a tax burden equivalent to ____. (w) ab and bc. (x) bc and ab. (y) ac and zero. (z) zero and ac.

Q : Deadweight Losses and Taxation Whenever

Whenever a tax on a good outcome less government revenue than the sum of the losses of producer and consumer surpluses due to tax, economists state that the tax has caused a/an: (1) Administrative loss. (2) Market failure. (3) Economic loss. (4) Bureaucratic loss. (5)

Q : Sustained rates of economic development

Sustained rates of economic development which exceeded population growth rates would: (w) raise the incomes of the poor without reducing anybody else’s income. (x) raise the incomes of everyone in society. (y) boost the incomes of the poor only

Q : Define cost Cost : This refers to the

Cost: This refers to the money expenses acquired on the production of a specified amount of commodity.

Q : Demand curve consequent to output An

An unregulated monopoly which does not price discriminate sets price in accord along with the: (w) height of the graph where marginal revenue equals average total costs [MR = ATC]. (x) height of the graph where marginal costs equal av

Q : Ceiling price problem When the

When the government obliged a ceiling price of P0 on papayas, the market scarcity would correspond to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. </span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1417350 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924369
Asked

3,689

Active Tutors

1417350

Questions
Answered

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

Submit Assignment