Standard Enterprises produces an output that it sells in a highly competitive market at a price of $100 per unit. Its inputs include two machines, which cost the firm $50 each, and workers, who can be hired on an as needed basis in a labor market at a cost of $2,800 per worker. Output value is 0 with 2 machines and 0 workers, 60 with 2 machines and 1 worker, 100 with 2 machines and 2 workers, 129 with 2 machines and 3 workers, 148 with 2 machines and 4 workers, 160 with 2 machines and 5 workers, 168 with 2 machines and 6 workers, How many workers should the firm employ to maximize its profits?

Find the value marginal product of the third worker

Find the total product with four workers

Find the average product with four workers

How many workers should the firm employ to maximize its profits?

Find the marginal product of the second worker