The following table provides information about production at the XYZ-TV Company. $$\begin{array} { | c | c | c | c | }
\hline \text { Number of Workers } & \text { TVs Produced } & \text { Marginal Product } & \begin{array} { c }
\text { Value of Marginal } \
\text { Product }
\end{array} \
\hline 0 & 0 & \cdots & \cdots \
\hline 1 & 35 & 35 & \$ 35,000 \
\hline 2 & 68 & 33 & \$ 33,000 \
\hline 3 & 99 & 31 & \$ 31,000 \
\hline 4 & 128 & 29 & \$ 29,000 \
\hline 5 & 155 & 27 & \$ 27,000 \
\hline
\end{array}$$ How many workers will the XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A) 0
B) 1
C) 2
D) 3

Question

The following table provides information about production at the XYZ-TV Company. $$\begin{array} { | c | c | c | c | } 
\hline \text { Number of Workers } & \text { TVs Produced } & \text { Marginal Product } & \begin{array} { c } 
\text { Value of Marginal } \
\text { Product }
\end{array} \
\hline 0 & 0 & \cdots & \cdots \
\hline 1 & 35 & 35 & \$ 35,000 \
\hline 2 & 68 & 33 & \$ 33,000 \
\hline 3 & 99 & 31 & \$ 31,000 \
\hline 4 & 128 & 29 & \$ 29,000 \
\hline 5 & 155 & 27 & \$ 27,000 \
\hline
\end{array}$$ How many workers will the XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A) 0
B) 1
C) 2
D) 3

Quizplus · Accepted Answer

The Answer of The following table provides information about production at the XYZ-TV Company. $$\begin{array} { | c | c | c | c | } 
\hline \text { Number of Workers } & \text { TVs Produced } & \text { Marginal Product } & \begin{array} { c } 
\text { Value of Marginal } \
\text { Product }
\end{array} \
\hline 0 & 0 & \cdots & \cdots \
\hline 1 & 35 & 35 & \$ 35,000 \
\hline 2 & 68 & 33 & \$ 33,000 \
\hline 3 & 99 & 31 & \$ 31,000 \
\hline 4 & 128 & 29 & \$ 29,000 \
\hline 5 & 155 & 27 & \$ 27,000 \
\hline
\end{array}$$ How many workers will the XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A) 0
B) 1
C) 2
D) 3

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