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How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000

User Amunnelly
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Answer:

The firm will decisively hire no workers, considering the value of marginal product for workers.

Step-by-step explanation:

A firm usually hires after considering the value of the worker or workers (marginal product).

From the table the highest marginal product value of TV production workers is $35,000 far lesser than the wage $60,000.

Implying that employing any worker would only add $35,000 value of product while the firm gives out $60,000, which is a loss to the firm.

How many workers will XYZ-TV Company hire if the going wage for TV production workers-example-1
User Dnltsk
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