Multiple Choice
Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week.
-Refer to Figure 18-1. Suppose the firm sells its output for $12 per unit, and it pays each of its workers $700 per week. How many workers will the firm hire to maximize its profit?
A) 2
B) 3
C) 4
D) 5
Correct Answer:

Verified
Correct Answer:
Verified
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