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

question 125

Multiple Choice

Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array}{l}\begin{array} { c c c c } \text { workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \\\hline 8 & 100 & \$ 28 & \$ 375 \\9 & 130 & \$ 28 & \$ 400 \\10 & 162 & \$ 28 & \$ 425 \\11 & 192 & \$ 28 & \$ 450 \\12 & 220 & \$ 28 & \$ 475 \\13 & 246 & \$ 28 & \$ 500 \\14 & 270 & \$ 28 & \$ 25\end{array}\end{array}$$

• A)10
• B)11
• C)12
• D)13
• E)14

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