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Assume the excess labour supply is now exhausted and is there is now a labour shortage for widget workers. WWF currently has 15 employees and

Assume the excess labour supply is now exhausted and is there is now a labour shortage for widget workers. WWF currently has 15 employees and wishes to keepthem. The wage for each employee will be paid at least $15. WWF's strategy for employee retention is to pay them as high a wage aspossible, while ensuring that() = 0.

  1. Explain how goal-seek can be used to find this wage.
  2. Use goal-seek to find this wage.

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