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Given the following table, how many workers should be hired to maximize profits? Labor Marginal Product Labor VMP L Wage 1 8 $32 $100 2
Given the following table, how many workers should be hired to maximize profits?
| Labor | Marginal Product Labor | VMPL | Wage |
| 1 | 8 | $32 | $100 |
| 2 | 32 | $128 | $100 |
| 3 | 16 | $64 | $100 |
| 4 | -1 | $-4 | $100 |
| 5 | -12 | $-48 | $100 |
A. 1
B. 2
C. 3
D. 4
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
