Multiple Choice
(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.The price of a power cord is $2, the market wage rate is $40 per hour, and eight workers are hired.Profit can be maximized by hiring worker(s) .
A) one more
B) two more
C) one fewer
D) three fewer
Correct Answer:
Verified
Correct Answer:
Verified
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