Firm X sells output at a price of $8 per unit and pays labor [L] a wage of $20 per hour.The marginal product of labor is given by: MPL = 7 - 0.1L.To maximize profit,the firm should utilize _____ hours of labor.
A)75
B)80
C)85
D)90
E)95

Question

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The Answer of Firm X sells output at a price of $8 per unit and pays labor [L] a wage of $20 per hour.The marginal product of labor is given by: MPL = 7 - 0.1L.To maximize profit,the firm should utilize _____ hours of labor.
A)75
B)80
C)85
D)90
E)95

Firm X Sells Output at a Price of $8 Per