Multiple Choice
Use the following to answer questions :
-(Table: Value of the Marginal Product of Labour and Demand) Use Table: Value of the Marginal Product of Labour and Demand.In the table,the total product of labour is shown for the hourly production of power cords.Assume that the market for power cords is perfectly competitive.If the price of a power cord is $2 and the market wage rate is $20 per hour,the profit-maximizing quantity of labour is _____ workers.
A) 2
B) 4
C) 6
D) 8
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Time allocation refers to:<br>A)how many hours an
Q27: Compensating differentials are used to motivate employees
Q53: Sam and Bob have the same educational
Q56: The fact that Carey Price,the goaltender for
Q57: In the Canadian labour market,new immigrants have
Q75: Liyun owns a small flower shop,and the
Q77: According to the marginal productivity theory of
Q191: The marginal productivity theory of income distribution
Q277: A _ wage will _ the _
Q279: Gabriella often faces a trade-off between time