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You manage a factory that produces t-shirts and sells each for $8. You pay your workers a wage of $50 per day. The following table
You manage a factory that produces t-shirts and sells each for $8. You pay your workers a wage of $50 per day. The following table shows your factory's daily total output of t-shirts based on the number of workers that you hire.
Number of Workers | Total Output |
1 | 30 |
2 | 35 |
3 | 45 |
4 | 57 |
5 | 70 |
6 | 85 |
7 | 95 |
8 | 103 |
9 | 110 |
10 | 115 |
Diminishing marginal returns starts to occur after ______________ workers.
You should hire _____________ workers to maximize profit.
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