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 Happy Tots Child Care \text { Happy Tots Child Care } Price of a Unit of Output

Question 59

Multiple Choice

 Happy Tots Child Care \text { Happy Tots Child Care }
 Units of Labor per    Output per Week    Marginal Product Week                                                            per Week               1                         4                4        295313441635182\text { Units of Labor per }~~\text { Output per Week }~~\text { Marginal Product }\\Week~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~per ~Week\\\begin{array}{|c|c|c|}\hline ~~~~~~~~~~~~~~~1~~~~~~~~~~~~~~~~~ & ~~~~~~~~4 ~~~~~~~~~& ~~~~~~~4~~~~~~~~ \\\hline 2 & 9 & 5 \\\hline 3 & 13 & 4 \\\hline 4 & 16 & 3 \\\hline 5 & 18 & 2 \\\hline\end{array}
Price of a unit of output: $150\$ 150 per week.
Cost to Happy Tots of hiring one more unit of labor: $400\$ 400 per week.
Table 16.1 Refer to Table 16.1.Suppose the cost of child care workers (units of labor) is the only cost the firm faces.How many units of labor would the firm need to hire to maximize profit?


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

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