Question: 1.10. A small specialty cookie company, whose only variable input is labor, finds that the average worker can produce 50 cookies per day, the cost

1.10. A small specialty cookie company, whose only variable input is labor, finds that the average worker can produce 50 cookies per day, the cost of the average worker is $64 per day, and the price of a cookie is $1. Is the company maximizing its profit? Explain.

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