The Case Assignment focuses on several concepts from the labor market including

The Case Assignment focuses on several concepts from the labor market including marginal production total production and wage determination. These terms are important in determining how many workers will be hired by a firm.Write a 4- to 5-page paper thats addresses the following questions:-Each worker costs the firm $4000 per month.-Price of the output (car) is $20000Should the firm move from the 15th to the 20th worker? In other words should the firm hire 20 workers. Why? (Hint: You need to calculate the cost of total workers and the marginal revenue product [MRP = price of output * marginal product of labor].)Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.Length: 45 pages double-spaced and typed.The following items will be assessed in particular: