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Luden [163]
2 years ago
15

Due to the ________, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his

/her marginal productivity to the firm
Business
1 answer:
krek1111 [17]2 years ago
6 0

Due to the first rule of labor markets, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm. Therefore, the option A holds true.

<h3>What is the significance of profit maximization?</h3>

A process of following and adapting such methods that derive maximum revenue to the firm is known as profit maximization. It should be the primary goal of any firm in the market.

The first rule of labor markets says that when a firm strives for profit maximization, it does not pay the worker or the labor, more than the marginal productivity that the worker bring to the firm.

Therefore, the option A holds true regarding profit maximization.

Learn more about profit maximization here:

brainly.com/question/17233964

#SPJ4

The question seems to be missing. The complete question has been added for better reference.

Due to the ________ a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.

a. first rule of labor markets

b. demand product value

c. third rule of labor markets

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Answer:

C) An Ethical Dilemma

Explanation:

An ethical dilemma is also called either a moral dilemma or an ethical paradox and results when problem arise in the process of making decisions about two possible moral options or imperatives where none of the two options are absolutely or unambiguously preferable or acceptable as a result of negative ethical outcomes.

The challenge with moral or ethical codes is that while we are faced with varous ethical challenges in our daily activities, most are usually straightforward right or wrong, acceptable or unacceptable. But ethical dilemma is difficult because it is just difficult between the right or wrong choice or decision in such a case.

An example is being asked to choose between two loved ones in a dire or life and death situation, where the chosen is saved and the abandoned is lost. This is an ethical dilemma.

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I uploaded the answer to a file hosting. Here's link:

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Before you start to develop your résumé, what should you analyze?
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What 3 things must exist in order to have demand for a good or service?
VikaD [51]

The utility function and the diminishing marginal utility.

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income budget.

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To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a
pickupchik [31]

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

<h3>What is principle equal protection?</h3>

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

To learn more about principle equal protection refer to:

brainly.com/question/1600110

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