A profit-maximizing firm operates in purely competitive product and resource markets, with the resource and production schedules shown in the table. $\begin{array} { | c | c |}
\hline\text { Workers } & \begin{array} { c }
\text { Total } \
\text { Production }
\end{array} \
\hline 8 & 440 \
\hline 7 & 410 \
\hline 6 & 370 \
\hline 5 & 320 \
\hline 4 & 260 \
\hline 3 & 180 \
\hline 2 & 110 \
\hline 1 & 55 \
\hline
\end{array}$ The product price is $10 per unit and the cost per worker is $540. How many workers will the firm employ?
A) 4
B) 5
C) 6
D) 7

Question

A profit-maximizing firm operates in purely competitive product and resource markets, with the resource and production schedules shown in the table. $\begin{array} { | c | c |} 
\hline\text { Workers } & \begin{array} { c } 
\text { Total } \
\text { Production }
\end{array} \
\hline 8 & 440 \
\hline 7 & 410 \
\hline 6 & 370 \
\hline 5 & 320 \
\hline 4 & 260 \
\hline 3 & 180 \
\hline 2 & 110 \
\hline 1 & 55 \
\hline
\end{array}$ The product price is $10 per unit and the cost per worker is $540. How many workers will the firm employ?
A) 4
B) 5
C) 6
D) 7

Quizplus · Accepted Answer

The Answer of A profit-maximizing firm operates in purely competitive product and resource markets, with the resource and production schedules shown in the table. $\begin{array} { | c | c |} 
\hline\text { Workers } & \begin{array} { c } 
\text { Total } \
\text { Production }
\end{array} \
\hline 8 & 440 \
\hline 7 & 410 \
\hline 6 & 370 \
\hline 5 & 320 \
\hline 4 & 260 \
\hline 3 & 180 \
\hline 2 & 110 \
\hline 1 & 55 \
\hline
\end{array}$ The product price is $10 per unit and the cost per worker is $540. How many workers will the firm employ?
A) 4
B) 5
C) 6
D) 7

A Profit-Maximizing Firm Operates in Purely Competitive Product and Resource