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In: Economics

Number of Employees Total Production Marginal Product of Labor Marginal Revenue Product 0 0 0 1...

Number of Employees Total Production Marginal Product of Labor Marginal Revenue Product
0 0 0
1 18 18
2 30 12
3 41 11
4 46 5


If the price of the item is $10.00 per unit and the employees cost $100 each, how many employees should the firm hire to maximize their profit?

  • Two employees

  • Three employees

  • Four employees

  • One employee

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