Use the table to determine how many workers the firm will employ when the cost per good is $6
and the wage rate is $25
Labor Input (Workers) Total Product Marginal Product of Labor
Marginal Revenue Product of Labor (per hour)
Marginal Cost of Labor (per hour)
0 0 - - -
1 7 7 $42 $25
2 16 9 $54 $25
3 24 8 $48
$25
4 28 4 $24
$25
5 30 2 $12
$25
a four workers
b five workers
c two workers
d three workers