Multiple Choice
Use the following to answer questions: 
-(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. Assume that the market for power cords is perfectly competitive. The price of a power cord is $2, the market wage rate is $20 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) two fewer
Correct Answer:
Verified
Correct Answer:
Verified
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