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The question below (30) is based on the following information for a firm under conditions of perfect competition: Number of workersMP of LProduct's Pricethe value
The question below (30) is based on the following information for a firm under conditions of perfect competition:
Number of workersMP of LProduct's Pricethe value of MP of
(1)(2)(3)(4) = (2) (3)
1416
1314
1210
119
108
If the price of the product is $5 per unit and the firm must pay $50 per worker employed, how many workers should the firm hire to maximize profits?
Group of answer choices
a. 14.
b. 13.
c. 12.
d. 11.
e. 10.
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