Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-1
-Refer to Table 13-1.How many units of this factor of production would the profit-maximizing firm choose to hire?
A)11
B)12
C)13
D)14
E)It is not possible to determine with the data provided.

Question

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-1
-Refer to Table 13-1.How many units of this factor of production would the profit-maximizing firm choose to hire?
A)11 
B)12 
C)13 
D)14 
E)It is not possible to determine with the data provided.

Quizplus · Accepted Answer

Without the actual data from Table 13-1, it is impossible to determine the number of units a profit-maximizing firm would choose to hire.

Consider the Following Production and Cost Schedule for a Firm