What is the cost-minimizing (profit-maximizing) level of labor units to employ?A. 3B. 6C. 5D. 0

Table 1 below depicts a production technology illustrating the relationship between labor inputs and output. Our capital input is fixed, the price for the product is constant at $3 per unit, and each employee can be hired at a wage rate of $12 per hour. Fill in the table below and answer the next 3 questions. Price of Value of the Labor hours Marginal output output marginal product of labor Wage rate product of labor O 3 0 12 3 8 12 3 20 12 3 34 12 3 42 12 5 3 46 12 6 49 12