The following table provides information about production at the XYZ-TV Company.
How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000?

Name: The following table provides information about production at the XYZ-TV Company. How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000?
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Question

The following table provides information about production at the XYZ-TV Company.   
How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000?

Quizplus · Accepted Answer

The firm will hire no workers. The value of marginal product for the first worker is $35,000 whereas the cost is $60,000.

The Following Table Provides Information About Production at the XYZ-TV