Multiple Choice
Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. Suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. How many workers should this firm hire to maximize its profit?
A) 2 workers
B) 3 workers
C) 4 workers
D) 5 workers
Correct Answer:

Verified
Correct Answer:
Verified
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