Table 14.1
$\begin{array}{|c|c|}
\hline \begin{array}{c}
\text { Quantity of } \
\text { labour }
\end{array} & \text { Output (units) } \
\hline 1 & 80 \
\hline 2 & 170 \
\hline 3 & 240 \
\hline 4 & 300 \
\hline 5 & 350 \
\hline 6 & 390 \
\hline 7 & 420 \
\hline
\end{array}$
-Refer to Table 14.1.Suppose the output price is $3.If the wage rate is $90, what is the profit-maximizing quantity of labour that the firm should hire?

Question

Table 14.1
 $\begin{array}{|c|c|}
\hline \begin{array}{c}
\text { Quantity of } \
\text { labour }
\end{array} & \text { Output (units) } \
\hline 1 & 80 \
\hline 2 & 170 \
\hline 3 & 240 \
\hline 4 & 300 \
\hline 5 & 350 \
\hline 6 & 390 \
\hline 7 & 420 \
\hline
\end{array}$
-Refer to Table 14.1.Suppose the output price is $3.If the wage rate is $90, what is the profit-maximizing quantity of labour that the firm should hire?

Quizplus · Accepted Answer

The Answer of Table 14.1
 $\begin{array}{|c|c|}
\hline \begin{array}{c}
\text { Quantity of } \
\text { labour }
\end{array} & \text { Output (units) } \
\hline 1 & 80 \
\hline 2 & 170 \
\hline 3 & 240 \
\hline 4 & 300 \
\hline 5 & 350 \
\hline 6 & 390 \
\hline 7 & 420 \
\hline
\end{array}$
-Refer to Table 14.1.Suppose the output price is $3.If the wage rate is $90, what is the profit-maximizing quantity of labour that the firm should hire?

Table 141 -Refer to Table 14