-Refer to Table 12-2. What is the profit-maximising quantity of labour that the firm should hire?
A) 5 units
B) 4 units
C) 3 units
D) 2 units

Name: -Refer to Table 12-2. What is the profit-maximising quantity of labour that the firm should hire? A) 5 units B) 4 units C) 3 units D) 2 units
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Quizplus · Accepted Answer

The profit-maximising quantity of labour is 5 units, as this is the point where marginal revenue product equals marginal factor cost.