Use the following to answer question(s):
-(Exhibit: Marginal Revenue Product and Demand) Assume that the product price is $2 per unit, the price of the factor of production is $40 per unit, and 8 units are being hired.Profit can be maximized by hiring _______ unit(s).
A) 1 more
B) 2 more
C) 1 fewer
D) 3 fewer

Question

Use the following to answer question(s):  
-(Exhibit: Marginal Revenue Product and Demand) Assume that the product price is $2 per unit, the price of the factor of production is $40 per unit, and 8 units are being hired.Profit can be maximized by hiring _______ unit(s).
A) 1 more 
B) 2 more 
C) 1 fewer 
D) 3 fewer

Quizplus · Accepted Answer

The Answer of Use the following to answer question(s):  
-(Exhibit: Marginal Revenue Product and Demand) Assume that the product price is $2 per unit, the price of the factor of production is $40 per unit, and 8 units are being hired.Profit can be maximized by hiring _______ unit(s).
A) 1 more 
B) 2 more 
C) 1 fewer 
D) 3 fewer

Use the Following to Answer Question(s)