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(Table) the Amount of Labor and Corresponding Output Are Provided

Question 68

Multiple Choice

(Table) The amount of labor and corresponding output are provided in the table. The price per unit of output is $11.50. The wage paid per day is $115. To maximize economic profit, how many people should the firm hire?
 Labor  Output 0017219334447557\begin{array}{|c|c|}\hline \text { Labor } & \text { Output } \\\hline 0 & 0 \\\hline 1 & 7 \\\hline 2 & 19 \\\hline 3 & 34 \\\hline 4 & 47 \\\hline 5 & 57 \\\hline\end{array}


A) 2 workers
B) 3 workers
C) 4 workers
D) 5 workers

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