Number of Workers Based on Demand for Cabinets
How many workers would your firm employ if each cabinetmaker could be hired at no cost?
a) None
b) One
c) As many as needed
d) It depends on demand
Answer:
If each cabinetmaker could be hired at no cost, the firm would employ as many workers as needed depending on the demand for cabinets.
The answer to this question is d) It depends on demand. If each cabinetmaker could be hired at no cost, the firm would employ as many workers as needed depending on the demand for cabinets. If there is high demand for cabinets, the firm would hire more workers to increase production. However, if the demand is low, the firm would not employ any workers.
Explanation:
When considering the number of workers to employ for cabinet production, it is crucial to assess the current demand for cabinets in the market. By aligning the workforce with the demand, the firm can optimize production and meet customer needs effectively.