Standard Enterprises produces an output that it sells in a highly competitive market at a price of $100 per unit. Its inputs include two machines (which cost the firm $50 each) and workers, who can be hired on an as-needed basis in a labor market at a cost of $2,800 per worker. Based on the following production data, how many workers should the firm employ to maximize its profits? 
Definitions:
Lookup Properties
Features that allow users to search for and retrieve specific data from one area and display it in another, often used in databases and spreadsheets.
Limited Set
A restricted or finite collection of elements or items defined by specific criteria or characteristics.
State, Gender, Department
Categories or fields typically used in databases or forms to classify information according to geographic location, biological sex, and organizational units respectively.
Aggregate Function
In programming and database management, a function that performs a calculation on a set of values and returns a single value.
Q44: An industry consists of five firms with
Q48: By the transitivity property, if A <br><br>A)<img
Q56: A study has estimated the effect of
Q68: When an effective price ceiling is in
Q84: According to the "feedback critique":<br>A) the conduct
Q87: Suppose the production function is given by
Q91: An agent hired by the owner of
Q102: A cash gift causes the budget line
Q114: For a wood furniture manufacturer, an increase
Q126: Which of the following statements is incorrect?<br>A)