Table 18-9 The Following Table Shows the Production Function for a Particular

question 335

Multiple Choice

Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. Suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. How many workers should this firm hire to maximize its profit?

• A)2 workers
• B)3 workers
• C)4 workers
• D)5 workers

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