$\text { Happy Tots Child Care }$ Price of a Unit of Output

question 43

Multiple Choice

$\text { Happy Tots Child Care }$
$\text { Units of Labor per }~~\text { Output per Week }~~\text { Marginal Product }\\Week~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~per ~Week\\\begin{array}{|c|c|c|}\hline ~~~~~~~~~~~~~~~1~~~~~~~~~~~~~~~~~ & ~~~~~~~~4 ~~~~~~~~~& ~~~~~~~4~~~~~~~~ \\\hline 2 & 9 & 5 \\\hline 3 & 13 & 4 \\\hline 4 & 16 & 3 \\\hline 5 & 18 & 2 \\\hline\end{array}$
Price of a unit of output: $\$ 150$ per week.
Cost to Happy Tots of hiring one more unit of labor: $\$ 400$ per week.
Table 16.1 Refer to Table 16.1.Suppose the cost of child care workers (units of labor) is the only cost the firm faces.How many units of labor would the firm need to hire to maximize profit?

• A) 2.
• B) 3.
• C) 4.
• D)5.

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Definitions:

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Predefined points or destinations in a network meant to receive or process data.

Coaxial Cable

A type of electrical cable with an inner conductor surrounded by a tubular insulating layer, used for transmitting data and television signals.

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A type of electrical conductor commonly used in telecommunications and power generation, known for its excellent conductivity and flexibility.

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A system that delivers television programming to viewers via radio frequency signals transmitted through coaxial cables or digital light pulses through fiber-optic cables.