Based on the Table Below, How Many Workers Will the Firm

question 49

Multiple Choice

Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c } \text { Workers } & \text { Output } & \text { Praduct Price } & \text { Wage Rate } \\\hline 1 & 40 & \$ 14 & \$ 500 \\2 & 90 & \$ 14 & \$ 500 \\3 & 160 & \$ 14 & \$ 500 \\4 & 230 & \$ 14 & \$ 500 \\5 & 290 & \$ 14 & \$ 500 \\6 & 340 & \$ 14 & \$ 500 \\7 & 380 & \$ 14 & \$ 500\end{array}$$

• A)4
• B)5
• C)6
• D)7
• E)8

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