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Author Question: A firm is thinking of hiring an additional worker to their organization who they believe can ... (Read 80 times)

evelyn o bentley

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on: Jul 1, 2018
A firm is thinking of hiring an additional worker to their organization who they believe can increase total productivity by 100 units a week. The cost of hiring him or her is 1500 per week. If the price of each unit is 12,
 a. the MR of hiring the worker is 1500
  b. The MC of hiring the worker is 1200
  c. The firm should not hire the worker since MB  d. All the above

Question 2

An example of moral hazard is
 a. workers working diligently even though the boss is not looking
 b. health care insured dieting and exercising
 c. drivers of safer cars turning their phones off before driving
 d. borrowers investing their loan proceeds differently than the bank requires


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macybarnes

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


evelyn o bentley

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Reply 2 on: Jul 1, 2018
Excellent

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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