Answer:
5
Step-by-step explanation:
Given the following :
Number of workers - - TVs produced
0 - - - - - - - - - - - - - - - - - 0
1 - - - - - - - - - - - - - - - - - - 35
2 - - - - - - - - - - - - - - - - - 68
3 - - - - - - - - - - - - - - - - - - 99
4 - - - - - - - - - - - - - - - - - - 128
5 - - - - - - - - - - - - - - - - - - 155
We need to calculate the marginal product :
Workers - - - marginal product - - - value of m/p
0 - - - - - - - - - - - ____ - - - - - - - - - - - - - - __
1 - - - - - - - - - - - 35 (35 - 0) - - - - - - 35000
2 - - - - - - - - - - - - 33 (68 - 35) - - - - 33000
3 - - - - - - - - - - - - 31 (99 - 68) - - - - - 31000
4 - - - - - - - - - - - - 29 (128 - 99) - - - - - 29000
5 - - - - - - - - - - - - 27 (155 - 128) - - - 27000
The marginal product shows the change in output due to one additional unit of a certain input of production, in this case, number of workers. If the going wage of workers is $16,000, the company can afford to hire up to 5 workers and still make profit.
