A corporate executive makes the following statement - "The company must keep hiring more workers up to the point where the marginal productivity of the last worker we hire is zero. This way we can maximize the total productivity of the firm." Critically evaluate this statement. Also comment on whether this is the correct objective function for the firm.

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The Answer of A corporate executive makes the following statement - "The company must keep hiring more workers up to the point where the marginal productivity of the last worker we hire is zero. This way we can maximize the total productivity of the firm." Critically evaluate this statement. Also comment on whether this is the correct objective function for the firm.

A Corporate Executive Makes the Following Statement - "The Company