(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.If the price of a power cord is $4 and the market wage rate is $120 per hour, the profit-maximizing quantity of labor is __ workers.
A)zero
B)two
C)three
D)four

Question

(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.If the price of a power cord is $4 and the market wage rate is $120 per hour, the profit-maximizing quantity of labor is __ workers.
A)zero 
B)two 
C)three 
D)four

Quizplus · Accepted Answer

The Answer of  (Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.If the price of a power cord is $4 and the market wage rate is $120 per hour, the profit-maximizing quantity of labor is __ workers.
A)zero 
B)two 
C)three 
D)four