A nursing home is deciding whether to add an additional employee to its staff. The marginal cost of hiring this worker depends on the a. total amount paid to previously hired workers. b. total amount paid to the new worker. c. the additional revenue created by having an additional worker. d. the total amount paid to all the workers, both the new one and the previously hired workers.

A nursing home is deciding whether to add an additional employee to its staff. The marginal cost of hiring this worker depends on the a. total amount paid to previously hired workers. b. total amount paid to the new worker. c. the additional revenue created by having an additional worker. d. the total amount paid to all the workers, both the new one and the previously hired workers.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter12: The American Labor Force

Section: Chapter Questions

Problem 1AA

See similar textbooks

Similar questions

An efficiency wage premium is a good way for a firm to reduce shirking if A. the cost of the higher wage is less than the value added from increased productivity. B. the cost of monitoring the employee is very low. C. the fired employees due to shirking can easily find a job with the same high wage premium. D. the employees are concerned that the firm may lay them off for cost reduction.
Private sector employmnet in Palestine in 2019 constitutes a. roughly 50 percent of total employment O b. more than 75 percent of total employment С. about 10 percent of total employment d. Between 60 - 70 percent of total employment
There are several dimensions of a job which effect job satisfaction of en employee. Which one of the below is not among these dimensions? a. Supervisor b. Pay c. Task it-self d Strategy e. Peers
. A firm’s decision about how many workers to hire.
Give examples of possible employee benefits
Summarize Empowering labor
How does the firm adjust its employment if it is costly to hire and fire workers?
What is the 3-year job impact of a dentist office in a typical downtown area?
INSTRUCTION .Give the meaning or definition of the following term. 1.DOWN SIZING 2.PAY REDUCTION 3.DEMOTION 4.TRANSFER WORK SHARING 5.HIRING FREEZE 6.NATURAL ATTRITION 7.EARLY RETIREMENT 8.RETRAINING 9 OVERTIME 10 TEMPORARY EMPLOYEES 11OUTSOURCING 12 TURN OVER REDUCTION 13.NEW EXTERNAL HIRES 14. TECHNOLOGICAL INNOVATION
What steps are taken when the supply of employees is predicted to be greater than demand?
pros and cons congressional legislation influence on the amount and price of labor
Wilson is injured on the job when a forklift tips over and falls on him. His boss knew the forklift was in disrepair and dangerous but allowed the forklift to be used. Can Wilson collect worker’s compensation benefits? Can Wilson sue his employer for negligence?