The table below has the marginal product schedule for a firm.If the price of the product is $2 a unit,complete the table.If the wage rate is $8 an hour,how many workers does the firm hire?
$$\begin{array} { c c c }
\begin{array} { c }
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { product } \
\text { (units per hour) }
\end{array} & \begin{array} { c }
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 10 & - \
2 & 8 & - \
3 & 6 & - \
4 & 4 & - \
\hline
\end{array}$$

Question

The table below has the marginal product schedule for a firm.If the price of the product is $2 a unit,complete the table.If the wage rate is $8 an hour,how many workers does the firm hire?
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { product } \
\text { (units per hour) }
\end{array} & \begin{array} { c } 
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 10 & - \
2 & 8 & - \
3 & 6 & - \
4 & 4 & - \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The table below has the marginal product schedule for a firm.If the price of the product is $2 a unit,complete the table.If the wage rate is $8 an hour,how many workers does the firm hire?
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { product } \
\text { (units per hour) }
\end{array} & \begin{array} { c } 
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 10 & - \
2 & 8 & - \
3 & 6 & - \
4 & 4 & - \
\hline
\end{array}$$

The Table Below Has the Marginal Product Schedule for a Firm.If