The Table Below Shows the Total Production for Varying Numbers

question 7

Multiple Choice

The table below shows the total production for varying numbers of hours worked producing yo-yos.The firm sells its product and hires its workers in competitive markets.
TABLE 13-4
-Refer to Table 13-4.A profit-maximizing firm will continue to hire labour to produce yo-yos until they have equated

• A)the price of yo-yos and the wage rate per hour.
• B)the marginal product of an additional hour of labour and the price of the yo-yos.
• C)the wage rate per hour and the value of the yo-yos produced by hiring one additional hour of labour.
• D)the marginal revenue product of an additional hour of labour and the price of yo-yos.
• E)the wage rate per hour and the marginal product of labour.

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