Multiple Choice
Use the following to answer question: 
-(Table: Value of the Marginal Product of Labor and Demand) Use Table: Value of the Marginal Product of Labor and Demand.In the table,the total product of labor is shown for the hourly production of power cords.Assume that the market for power cords is perfectly competitive.If the price of a power cord is $4 and the market wage rate is $80 per hour,the profit-maximizing quantity of labor is _____ worker(s) .
A) 1
B) 3
C) 5
D) 7
Correct Answer:
Verified
Correct Answer:
Verified
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