Table 7-4 Table 7-4 Shows a Production Relationship

Multiple Choice

Table 7-4 Table 7-4 shows a production relationship. Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?

A) 2
B) 3
C) 4
D) 5