-Susie's Cream Ale Factory has collected the information shown in Exhibit P-1 pertaining to her business in a small rural community. She sells her product for $12 per case in a highly competitive micro brewery market. Susie should hire ______ workers.

Question

Quizplus · Accepted Answer

Susie should aim to hire the number of workers that maximizes her marginal product or where the additional cost of hiring one more worker is equal to the additional revenue generated by that worker. Without specific data from Exhibit P-1, such as production levels, costs, or revenue at different levels of employment, it's impossible to accurately determine the optimal number of workers. However, in a typical scenario, a business would analyze the marginal product of labor and marginal revenue product to make this decision.

-Susie's Cream Ale Factory Has Collected the Information Shown in Exhibit