Table 18-12 The Table Displays Data for a Small, Competitive, Profit-Maximizing Firm

question 397

Multiple Choice

Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week.
-Refer to Table 18-12. If the value of the marginal product of the first worker hired is $938, then how many workers does the firm employ?

• A)2
• B)3
• C)4