Use the Following to Answer Question

question 11

Multiple Choice

Use the following to answer question:
-(Table: Value of the Marginal Product of Labor and Demand) Use Table: Value of the Marginal Product of Labor and Demand.In the table,the total product of labor is shown for the hourly production of power cords.Assume that the market for power cords is perfectly competitive.If the price of a power cord is $4 and the market wage rate is $80 per hour,the profit-maximizing quantity of labor is _____ worker(s) .

• A)1
• B)3
• C)5

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Definitions:

Communicating Within

The act of sharing or exchanging information, ideas, or feelings amongst members within an organization or group.

Planning Stage

The phase in project management where objectives and procedures are determined.

Monitor Employees

The practice of overseeing employees’ performance and activities, often through technological means to ensure productivity and compliance.

Corresponding Outside

Engaging or communicating with external parties that are relevant to a particular context or situation.