The following question(s)deal with The Gizmo Company, which has the following production function: $$\begin{array} { | c | c | }
\hline \text { Number of Workers } & \text { Number of Gizmos Produced } \
\hline 0 & 0 \
\hline 1 & 10 \
\hline 2 & 19 \
\hline 3 & 26 \
\hline 4 & 31 \
\hline 5 & 34 \
\hline
\end{array}$$
-If the real wage is equal to 8 widgets, and only an integer number of workers can be hired, The Gizmo Company should hire
A)2 workers.
B)3 workers.
C)4 workers.
D)5 workers.
E)6 workers.

Question

The following question(s)deal with The Gizmo Company, which has the following production function: $$\begin{array} { | c | c | } 
\hline \text { Number of Workers } & \text { Number of Gizmos Produced } \
\hline 0 & 0 \
\hline 1 & 10 \
\hline 2 & 19 \
\hline 3 & 26 \
\hline 4 & 31 \
\hline 5 & 34 \
\hline
\end{array}$$
-If the real wage is equal to 8 widgets, and only an integer number of workers can be hired, The Gizmo Company should hire
A)2 workers.
B)3 workers.
C)4 workers.
D)5 workers.
E)6 workers.

Quizplus · Accepted Answer

The Answer is A

The Following Question(s)deal with the Gizmo Company, Which Has the Following