Table: Stone Masons A Construction Company Builds Stone Fireplaces

question 94

Multiple Choice

Table: Stone Masons $\begin{array}{|l|r|}\hline \text { Number of Workers } & \text { MPL } \\\hline 1 & \$ 500 \\\hline 2 & 400 \\\hline 3 & 300 \\\hline 4 & 200 \\\hline 5 & 100 \\\hline\end{array}$ A construction company builds stone fireplaces. The market wage for a stonemason is $350 per day. The table depicts the marginal product of labor (MPL) per day for a given number of stonemasons. To maximize profits, this company should hire ______ stonemasons.

• A) 2
• B) 3
• C) 4
• D) 5