According to this video, explain how many workers an individual firm should hire in order to maximize profit, according to the Rule for Hiring? Explain this using the profit-maxmizing condition discussed in the video. Answer this using at least 100 words.

Covering Chapter 16 &17 Sexton, R. (2016). Exploring Economics (7th Edition), Ohio: South-Western, Cengage Learning

Watch the following video, and answer the following questions. Note that answers are provided in the video, but please make sure you paraphrase/reconstruct your own answers and do not duplicate sentences directly from the video.
According to the labor market theory, can a single company influence the market wage or not? Please note that you are required to explain why. Answer this using at least 100 words.
According to this video, explain how many workers an individual firm should hire in order to maximize profit, according to the Rule for Hiring? Explain this using the profit-maxmizing condition discussed in the video. Answer this using at least 100 words.

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