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 $15 per day?
A)3
B)5
C)6

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 $15 per day?
A)3 
B)5 
C)6

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 $15 per day?
A)3 
B)5 
C)6

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