Use the Following to Answer Question

question 238

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.The price of a power cord is $2,the market wage rate is $20 per hour,and 8 workers are hired.Profit can be maximized by hiring _____ worker(s) .

• A)1 more
• B)2 more
• C)1 fewer
• D)2 fewer

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Definitions:

Hazardous Materials

Substances that are capable of posing significant risks to health, safety, property, or the environment when improperly handled, stored, or transported.

Organization's Premises

The physical location or buildings where an organization operates or conducts its business.

Search Engines

Web-based tools that allow users to find information on the internet by typing keywords or phrases into a search query.

Company's Network

The interconnected system of professional relationships and contacts within and related to a particular organization.