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manager of a firm that employs 10 workers

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Question

Assume you are the manager of a firm that employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output and that the price of the output is $4. According to economic theory, in the short run, what should you do? (Points:1);the firm should hire additional workers.;the firm should reduce the number of workers employed.;the firm should continue to employ 10 workers.;More information is required to answer this question.

 

Paper#22813 | Written in 18-Jul-2015

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