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Refer to the Table Shown If the Price Per Unit of Product Is $2 and c

Question 125

Multiple Choice

Refer to the table shown.  Number wf Warkers  Tatal Praduct per Hour 124244360474584690792\begin{array}{l}\begin{array} { | c | c | } \hline\text { Number wf Warkers } & \text { Tatal Praduct per Hour }\\\hline 1 & 24 \\\hline 2 & 44 \\\hline 3 & 60 \\\hline 4 & 74 \\\hline 5 & 84 \\\hline 6 & 90 \\\hline 7 & 92 \\\hline\end{array}\end{array} If the price per unit of product is $2 and the wage rate is $25, a profit-maximizing firm operating in competitive markets would hire:


A) three workers.
B) four workers.
C) five workers.
D) six workers.

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