benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--7175▌ posts · files
MMLU-Pro / 7175 / Consider a profit-maximizing firm in a perfectly competitive market with several…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
Consider a profit-maximizing firm in a perfectly competitive market with several sellers and several buyers (i.e., the firm is a "price taker" of the goods it sells and a "price taker" of the hourly wages it pays its workers). If a technological innovation made by someone in this firm were to significantly raise the firm's marginal physical product (but not that of any other firm's), then this innovation would
category
economics
options
- lead the firm to reduce workers' wages as they now contribute less marginal revenue
- lead the firm to hire more workers but not to raise their wages
- reduce the firm's employment level but raise workers' wages
- lead the firm to hire more workers and to pay them higher wages
- raise the workers’ hourly wage as they now contribute more marginal revenue
- reduce the firm's employment level and lower workers' wages
- cause the firm to hire fewer workers but pay them higher wages
- lead the firm to hire the same number of workers but pay them higher wages
- reduce the firm’s employment level, because fewer workers are now needed
- have no effect on the firm's employment level or workers' wages
src
ori_mmlu-high_school_microeconomics
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Source and history
- upstream_id / Original problem ID
- 7175
- task_id
f7b6be29-d522-57e0-9ce7-b4c104c6494e- task_key
default--test--7175- task_revision_id
- 1
- config / split
- default / test
initial import