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.

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Definitions:

Recordkeeping

The process of maintaining records or documents that track an organization's or individual's activities, transactions, and commitments.

Work-Related Injuries

Work-related injuries are injuries or illnesses that occur in the course of employment, often leading to absence from work and the need for medical care.

Low-Hazard Industries

Sectors or types of businesses that are associated with relatively lower risks to the safety and health of employees.

FMLA

The Family and Medical Leave Act (FMLA) is a United States federal law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.