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If the price of the product is $5 per unit and the firm must pay $40 per worker employed, how many workers should the firm hire to maximize profits?
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5 votes
If the price of the product is $5 per unit and the firm must pay $40 per worker employed, how many workers should the firm hire to maximize profits?

User Sabreen
by
5.0k points

1 Answer

3 votes

Answer:

Workers should the firm hire

Step-by-step explanation:

the formula for calculating maximizing profit

total revenue -total cost

so in this equation

considering above equation

40-5=35

User Ken Lin
by
5.2k points
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