Firm X sells output at a price of $8 per unit and pays labor a wage of $20 per hour. The marginal product of labor is given by: MPL = 12 - .1L. To maximize profit, the firm should utilize _____ hours of labor.
A) 75
B) 80
C) 85
D) 90
E) 95

Name: Firm X sells output at a price of $8 per unit and pays labor a wage of $20 per hour. The marginal product of labor is given by: MPL = 12 - .1L. To maximize profit, the firm should utilize _____ hours of labor. A) 75 B) 80 C) 85 D) 90 E) 95
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The Answer is E

Firm X Sells Output at a Price of $8 Per