(Table: Framing Shop Production Function) Shaheer Runs a Framing Shop

question 51

Essay

(Table: Framing Shop Production Function) Shaheer runs a framing shop that makes custom picture frames for his customers.The table Framing Shop Production Function shows the daily production function for his framing shop.He can hire a worker at a daily competitive wage of $70, and he sells a custom frame at a competitive price of $10.a) Complete the table by calculating the value of the marginal product of labor (VMPL) for each worker.b) How many workers should Shaheer hire to maximize his profit?

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Definitions:

Organizational Coercive Power

The capacity of an organization to compel or influence individuals' actions through threats, sanctions, or other forms of pressure.

Threats

Potential causes of harm or danger to individuals, organizations, or systems.

Rewards

Benefits or compensations given to individuals to recognize and encourage their achievements or desired behavior.

Upward Appeals

A method in workplace communication where employees attempt to gain support or approval for their ideas by appealing to higher-level managers or authorities.