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Table: Stone Masons A Construction Company Builds Stone Fireplaces

Question 35

Multiple Choice

Table: Stone Masons  Number of Workers  MPL 1$5002400330042005100\begin{array}{|l|r|}\hline \text { Number of Workers } & \text { MPL } \\\hline 1 & \$ 500 \\\hline 2 & 400 \\\hline 3 & 300 \\\hline 4 & 200 \\\hline 5 & 100 \\\hline\end{array} A construction company builds stone fireplaces. The market wage for a stonemason is $350 per day. The table depicts the marginal product of labor (MPL) per day for a given number of stonemasons. To maximize profits, this company should hire ______ stonemasons.


A) 2
B) 3
C) 4
D) 5

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