Refer to the table shown. A firm would be most likely to hire between:

$\begin{array}{|c|c|}
\hline \text { Number of workers } & \text { Marginal product of workers } \
\hline 1 & 5 \
\hline 2 & 7 \
\hline 3 & 8 \
\hline 4 & 10 \
\hline 5 & 11 \
\hline 6 & 7 \
\hline 7 & 5 \
\hline 8 & 3 \
\hline 9 & 0 \
\hline 10 & -1 \
\hline
\end{array}$
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:

$\begin{array}{|c|c|}
\hline   \text { Number of workers } & \text { Marginal product of workers } \
\hline 1 & 5 \
\hline 2 & 7 \
\hline 3 & 8 \
\hline 4 & 10 \
\hline 5 & 11 \
\hline 6 & 7 \
\hline 7 & 5 \
\hline 8 & 3 \
\hline 9 & 0 \
\hline 10 & -1 \
\hline
\end{array}$
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 most likely hire between 5 and 8 workers because the marginal product of workers is positive and decreases after the 5th worker, indicating diminishing returns. Hiring beyond 8 workers would result in negative productivity for the 10th worker.

Refer to the Table Shown A)1 and 3 Workers