The human resource manager of the xyz company makes the


The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers. That averages out to $800 per worker per week. We should therefore hiremore people as long as the wage is $500 per week." Assessthis claim - is the reasoning solid or do you disagree?

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Econometrics: The human resource manager of the xyz company makes the
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