(Table: Value of the Marginal Product of Labor and Demand)

question 7

Multiple Choice

(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.The price of a power cord is $2, the market wage rate is $20 per hour, and eight workers are hired.Profit can be maximized by hiring worker(s) .

• A)one more
• B)two more
• C)one fewer
• D)two fewer

---

Definitions:

Encoding

The process of converting thoughts or information into a symbolic form, such as language, for communication.

High-Priority Messages

Communications that are deemed of utmost importance and urgency, necessitating prompt attention.

Reconnect

The act of establishing a connection again with someone or something after a period of disconnection or separation.

Unambiguous Language

Clear and precise communication that leaves little to no room for misinterpretation.