-Refer to Table 12-4. What are the price and quantity of workers that result in the maximum amount of profit Apple would earn from selling iPods?
A) $140; 2
B) $160; 2
C) $140; 3
D) $180; 1

Question

Quizplus · Accepted Answer

According to Table 12-4, when 2 workers are employed and the price of iPods is $160, the total revenue is $320, the total cost is $140, and the profit is $180, which is the maximum profit Apple would earn. Therefore, the best choice is B.