The following table shows the total output per hour produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $12.
Table 5-1
$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Nurnber of } \
\text { workers }
\end{array} & \text { Total output } \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 30 \
\hline 4 & 41 \
\hline 5 & 50 \
\hline 6 & 55 \
\hline 7 & 59 \
\hline 8 & 61 \
\hline 9 & 62 \
\hline
\end{array}$
-Refer to Table 5-1. How many workers should the firm employ in order to maximize profit?
A) 7
B) 6
C) 5
D) 4
E) 3

Question

The following table shows the total output per hour produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $12.
Table 5-1
 $\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Nurnber of } \
\text { workers }
\end{array} & \text { Total output } \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 30 \
\hline 4 & 41 \
\hline 5 & 50 \
\hline 6 & 55 \
\hline 7 & 59 \
\hline 8 & 61 \
\hline 9 & 62 \
\hline
\end{array}$
-Refer to Table 5-1. How many workers should the firm employ in order to maximize profit?
A) 7
B) 6
C) 5
D) 4
E) 3

Quizplus · Accepted Answer

The Answer of The following table shows the total output per hour produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $12.
Table 5-1
 $\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Nurnber of } \
\text { workers }
\end{array} & \text { Total output } \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 30 \
\hline 4 & 41 \
\hline 5 & 50 \
\hline 6 & 55 \
\hline 7 & 59 \
\hline 8 & 61 \
\hline 9 & 62 \
\hline
\end{array}$
-Refer to Table 5-1. How many workers should the firm employ in order to maximize profit?
A) 7
B) 6
C) 5
D) 4
E) 3

The Following Table Shows the Total Output Per Hour Produced