Graph 18-1 
This graph represents the value of marginal product for a firm that sells its product in a competitive market.Use the graph to answer the following question(s) .
-Refer to Graph 18-1.If a firm were operating at a level of output below Q*, hiring more workers would:
Definitions:
Target Income
The profit amount that a company aims to achieve within a specific period.
Required Sales
The volume of sales necessary to achieve a specific financial objective, such as covering costs or reaching a target profit.
Contribution Margin
It is the amount by which sales revenue exceeds variable costs. It contributes towards covering fixed costs and generating profit.
Variable Expenses
Costs that vary in direct proportion to changes in an activity level or volume, such as sales commissions.
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