Table 18-4

-Refer to Table 18-4. How many workers should the firm hire?
A)1
B)2
C)3

Question

Table 18-4
​
  ​
​
-Refer to Table 18-4. How many workers should the firm hire?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

Without the specific details from Table 18-4, it's impossible to provide an accurate answer. However, firms typically decide on the number of workers to hire based on the marginal product of labor, the cost of labor, and the revenue generated by additional workers. The optimal number of workers is where the cost of hiring an additional worker equals the additional revenue generated by that worker.

Table 18-4 ​

Table 18-4