The following table provides information about production at the XYZ-TV Company. Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000?
A. 0
B. More than 5
C. 4
D. 5
Answer: A
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A) seller of the good or service B) government C) foreign sector D) consumer E) market maker
The balanced budget multiplier
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The marginal cost curve of a firm measures
A) external costs. B) pollution costs. C) private costs. D) social costs.