(Table: Short-run Production Function I) The table shows the short-run production function for a competitive firm. Assuming the firm sells its output for $20 per unit and workers earn a market wage of $160 per day, the firm should hire ____ workers.
A) 8
B) 7
C) 6
D) 5

Question

(Table: Short-run Production Function I) The table shows the short-run production function for a competitive firm.  Assuming the firm sells its output for $20 per unit and workers earn a market wage of $160 per day, the firm should hire ____ workers.
A) 8 
B) 7 
C) 6 
D) 5

Quizplus · Accepted Answer

The Answer of (Table: Short-run Production Function I) The table shows the short-run production function for a competitive firm.  Assuming the firm sells its output for $20 per unit and workers earn a market wage of $160 per day, the firm should hire ____ workers.
A) 8 
B) 7 
C) 6 
D) 5

(Table: Short-Run Production Function I) the Table Shows the Short-Run