The figure below shows output of a firm at different number of workers. Payment to workers is the only variable cost of the firm.
-Refer to the figure above.If the price of the output is $3.00 per unit and the wage is $9.00 per worker,the firm's optimal choice in the short run is to hire ________ workers.
Definitions:
Group Bonus
A group bonus is a monetary incentive given to a team or group of employees for achieving specific goals or performing at a high level collectively.
Group Structure
Refers to the way in which a group's members are organized, including roles, norms, and relationships that guide the group's function.
Structural Characteristics
The features and attributes that define the organizational, physical, or conceptual structure of an entity, influencing its behavior and functioning.
Potential Performance
The highest level of capability, output or success that an individual or organization could achieve under ideal circumstances.
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