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Answer the Question on the Basis of the Data Contained

question 103

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Answer the question on the basis of the data contained in the following table.Assume that the firm is hiring labor in a purely competitive market.  Units of  Labor  Total  Product 00115228339448555660ProductPrice$2.202.001.801.601.401.201.10\begin{array}{ccc}\begin{array}{ccc}\begin{array}{c}\text { Units of } \\\text { Labor }\\\hline\end{array} && \begin{array}{c}\text { Total } \\\text { Product }\\\hline\end{array} \\0 & & 0 \\1 & & 15 \\2 & & 28 \\3 & & 39 \\4 & & 48 \\5 & & 55 \\6 & & 60\end{array}\begin{array}{c}Product\\Price\\\hline \$ 2.20\\ 2.00 \\ 1.80 \\ 1.60 \\1.40 \\ 1.20 \\ 1.10 \end{array}\end{array} Refer to the given data.If the wage rate is $11,how many workers will the firm choose to employ?


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