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 $25 per unit, and it pays each of its workers $1,000 per week. Also, the firm's non-labor costs are fixed and they amount to $2,000. The firm maximizes profit by hiring
A) 2 workers.
B) 3 workers.
C) 4 workers.
D) 5 workers.
Correct Answer:

Verified
Correct Answer:
Verified
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