Refer to the table shown. A firm would be most likely to hire between: $$\begin{array} { | c | c | }
\hline \text { Number of workers } & \text { Mar pinal product of workers } \
\hline 1 & 5 \
\hline 2 & 7 \
\hline 3 & 8 \
\hline 4 & 10 \
\hline 5 & 11 \
\hline 6 & 7 \
\hline 7 & 5 \
\hline 8 & 3 \
\hline 9 & 0 \
\hline 10 & - 1 \
\hline
\end{array}$$
A) 1 and 3 workers.
B) 3 and 4 workers.
C) 5 and 8 workers.
D) 8 and 10 workers.

Question

Refer to the table shown. A firm would be most likely to hire between: $$\begin{array} { | c | c | } 
\hline \text { Number of workers } & \text { Mar pinal product of workers } \
\hline 1 & 5 \
\hline 2 & 7 \
\hline 3 & 8 \
\hline 4 & 10 \
\hline 5 & 11 \
\hline 6 & 7 \
\hline 7 & 5 \
\hline 8 & 3 \
\hline 9 & 0 \
\hline 10 & - 1 \
\hline
\end{array}$$
A) 1 and 3 workers.
B) 3 and 4 workers.
C) 5 and 8 workers.
D) 8 and 10 workers.

Quizplus · Accepted Answer

A firm would hire workers up to the point where the marginal product is positive and decreasing. Between 5 and 8 workers, the marginal product is positive but starts decreasing, indicating the optimal range for hiring.

Refer to the Table Shown A) 1 and 3 Workers