The table contains data for a profit-maximizing firm. The price of the firm's product is $10 per unit, and the wage rate is a constant $110 a day. How many workers will the firm hire, assuming purely competitive product and resource markets?
A)4
B)5
C)6

Question

The table contains data for a profit-maximizing firm. The price of the firm's product is $10 per unit, and the wage rate is a constant $110 a day. How many workers will the firm hire, assuming purely competitive product and resource markets?
A)4 
B)5 
C)6

Quizplus · Accepted Answer

The Answer of  The table contains data for a profit-maximizing firm. The price of the firm's product is $10 per unit, and the wage rate is a constant $110 a day. How many workers will the firm hire, assuming purely competitive product and resource markets?
A)4 
B)5 
C)6

The Table Contains Data for a Profit-Maximizing Firm