The Following Table Shows the Total Output Produced in a Factory

question 39

Multiple Choice

The following table shows the total output 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 $32.
Table 5-1

-Refer to Table 5-1.How many workers should the firm employ in order to maximize profit?

• A)8
• B)7
• C)4
• D)5

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Definitions:

Prospect

A potential customer who has shown interest in a product or service and may be targeted for a sales pitch or follow-up.

New Prospects

Potential clients or customers who have been identified as likely to be interested in a product or service.

Replace Customers

The practice of finding new customers to compensate for those who no longer do business with a company, maintaining or growing the customer base.

Orphaned

In a business context, refers to accounts, clients, or projects that no longer have a specific person or team assigned to manage them.