A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $0.5 per day?
A)4
B)5
C)7

Question

A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $0.5 per day?
A)4 
B)5 
C)7

Quizplus · Accepted Answer

The Answer of  A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $0.5 per day?
A)4 
B)5 
C)7

A Firm's Labor Input, Total Output of Labor, and Product