Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c }
\text { Workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \
\hline 10 & 400 & \$ 20 & \$ 450 \
11 & 450 & \$ 19 & \$ 450 \
12 & 505 & \$ 18 & \$ 450 \
13 & 555 & \$ 17 & \$ 450 \
14 & 600 & \$ 16 & \$ 450 \
15 & 640 & \$ 15 & \$ 450 \
16 & 675 & \$ 14 & \$ 50
\end{array}$$

Question

Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c } 
\text { Workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \
\hline 10 & 400 & \$ 20 & \$ 450 \
11 & 450 & \$ 19 & \$ 450 \
12 & 505 & \$ 18 & \$ 450 \
13 & 555 & \$ 17 & \$ 450 \
14 & 600 & \$ 16 & \$ 450 \
15 & 640 & \$ 15 & \$ 450 \
16 & 675 & \$ 14 & \$ 50
\end{array}$$

Quizplus · Accepted Answer

The Answer of Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c } 
\text { Workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \
\hline 10 & 400 & \$ 20 & \$ 450 \
11 & 450 & \$ 19 & \$ 450 \
12 & 505 & \$ 18 & \$ 450 \
13 & 555 & \$ 17 & \$ 450 \
14 & 600 & \$ 16 & \$ 450 \
15 & 640 & \$ 15 & \$ 450 \
16 & 675 & \$ 14 & \$ 50
\end{array}$$

Based on the Table Below, How Many Workers Will the Firm