Question: Based on the table below, how many workers will the firm employ in order to maximize profits? Workers Output Product Price Wage Rate 1 40

Based on the table below, how many workers will the firm employ in order to maximize profits?

Workers

Output

Product Price

Wage Rate

1

40

$14

$500

2

90

$14

$500

3

160

$14

$500

4

230

$14

$500

5

290

$14

$500

6

340

$14

$500

7

380

$14

$500

8

410

$14

$500

Select one:

a.

5

b.

6

c.

4

d.

7

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