By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market

Question:

By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market can

a. Maximize the amount of labor hired.

b. Minimize the amount of capital used.

c. Maximize their profits.

d. Both a and c

e. All of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

See More Books

Question Posted: Oct 28, 2023 08:37 AM

See More Questions

The sketch shows the right portion of a half-body modeling a small lake. The vertical line source of length 4 ft simulating water being drawn from the lake for a fountain at a volume rate of flow of...
Sketch the graph of the polynomial function. Use synthetic division and the remainder theorem to find the zeros. f(x) = -x+4x+7x-10 3 What are the zeros of f(x) = -x+4x+7x-10? (Use a comma to...
Shaleeza earned $5,100 of dividends and $900 from a part-time job this year. She is claimed as a qualifying relative by her grandmother. What is Shaleeza's taxable income? a. $6,000. b. $4,900. c....
What categories of conflict occurred in this project? At what stage was the project?
What is the significance of digitalization?
Sicily Corporation issued $300,000 in 8 percent bonds (payable on December 31, 2018) on December 31, 2008, for $262,613. Interest is paid on June 30 and December 31. The market rate of interest is 10...
Similarly visit an organization with high levels of task interdependence among the subunits. Explore the ways in which they have implemented KM to the benefit of the organization.
Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2013. Manufacturers Southern has the option to renew the lease at the end of two years for an additional...
Duncan Deeler, majority stockholder and president of Deeler, Inc., is working with his top managers on future plans for the company. As the company's managerial accountant, you've been asked to...
The accompanying table shows production figures for Snoodle Corporation, which sells snoodles. Labor is Snoodle's only input, and wages make up Snoodle's only cost. If the equilibrium price of a...
A decrease in the supply of fast-food restaurant workers could be the result of a. Higher wages paid to workers in other types of restaurants b. Lower wages paid to fast-food restaurant workers c....
The income statement for Kipitz Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows: Prepare the Cash Flows from...
ProForm acquired 60 percent of ClipRite on June 30, 2020, for $1,140,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $400,000 was recognized and is being...
Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed lemon/crash data, where lemon imports are in metric tons and the fatality rates are per...
What is the essential objective that scientists should pursue by striving to remove personal biases, a priori commitments, and emotional involvement from their investigations about the world?...
c) Critically review the use of ROA (Return on Assets) as an indicator for your purposes of how a company's resources are used to generate wealth, and how different companies might measure it in...
Find the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. Sketch the region, the solid and a typical disk or washer. -2x 3. y = ex, y = 0, x =...
Why is the Chinese government so hesitant to open up the yuan to market forces to determine its value inside and outside of China?
Problem 2. (0.6 points, 0.2 points for each question) (a) A company turns its inventory 2 times a month. Its months-of-supply = Its days-of-supply = Please show your analysis below: _months. days. (1...
Do you think that people give primarily for altruistic reasons or in order to receive benefits for themselves, including warm feelings, recognition, and social approval? Might the motivations differ...
Some people argue that donors should receive a more generous tax deduction for gifts to organizations that serve the poor, such as homeless shelters, than they receive for gifts to institutions that...
If a friend asks you to sponsor his or her participation in a charity event, such as a run or walk, do you usually give a positive response or not? Why? Would your response be different if that...
Clipboard 5 Font Cell Styles Alignment For A49 Number 5 Styles Target 32 Current assets 33 Noncurrent assets 34 Total assets 35 Current liabilities 36 Long-term liabilities 37 Total stockholders'...
6. Dee Hardy is a hotelier who operates 10 select-service hotels located near interstate highway exits in the Southeastern United States. She operates her properties under several franchise brands...
Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments-Refining and Blending. Raw materials are introduced...

By hiring workers based on their marginal benefits and marginal costs, the buyers in the labor market

Question:

Step by Step Answer:

The correct answer is d Both a and c By hiring workers based on their marginal benefits the ad...View the full answer

Introduction To Economics Social Issues And Economic Thinking

Students also viewed these Business questions