The Following Table Provides Information About Production at the XYZ-TV

question 32

Multiple Choice

The following table provides information about production at the XYZ-TV Company. $$\begin{array} { | c | c | c | c | } \hline \text { Number of Workers } & \text { TVs Produced } & \text { Marginal Product } & \begin{array} { c } \text { Value of Marginal } \\\text { Product }\end{array} \\\hline 0 & 0 & \cdots & \cdots \\\hline 1 & 35 & 35 & \$ 35,000 \\\hline 2 & 68 & 33 & \$ 33,000 \\\hline 3 & 99 & 31 & \$ 31,000 \\\hline 4 & 128 & 29 & \$ 29,000 \\\hline 5 & 155 & 27 & \$ 27,000 \\\hline\end{array}$$ How many workers will the XYZ-TV Company hire if the going wage for TV production workers is $30,000?

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Type B Personality

A personality type characterized by comparatively lower levels of stress, patience, relaxed state, and a laid-back attitude, in contrast to the more stress-prone Type A personality.

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The desire to win or excel in comparison to others, often driving individuals or groups to perform their best.

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An emotion expressed through anger, aggression, or opposition towards others or oneself.

Health Psychologist

A specialist in a field that focuses on how biological, psychological, and social factors affect health and illness.