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

question 24

Multiple Choice

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.

---

Definitions:

Purpose Statement

A purpose statement outlines the objective or goal of a document, project, or organization, clarifying its main intentions.

Specific Alternatives

Distinct and identifiable other options or choices available in any given situation.

Recommended Action

A suggested course of action, often based on analysis or expertise, aimed at achieving a specific outcome.

Report Problem

The process of notifying relevant authorities or systems about an issue or discrepancy that needs resolution.