Suppose the Fluffy Pillow Company produces pillows. The number of pillows it can produce each hour depends on the number of workers it hires, as shown in the accompanying table. In addition, each pillow can be sold for $2 more than the cost of the materials needed to produce it. Number of workers per hourNumber of pillows per hour00124242354460561 If the hourly wage for people who make pillows is $10, then how many workers should the Fluffy Pillow Company hire each hour?
A. 3
B. 2
C. 1
D. 4
Answer: D
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The rate of growth in GDP affects agriculture
A) Has a major effect on agriculture because people need to eat. B) Has a minimal effect on agriculture because more consumers eat away from home. C) Has a major effect on agriculture because of the high income elasticity for agricultural products. D) Has a minimal effect on agriculture because of the low income elasticity for agricultural products.
Marginal physical product of the first worker is 100, 120 for the second, 80 for the third, 30 for the fourth, 5 for the fifth, 3 for the sixth, 2 for the seventh, 1 for the eighth, and 0 for the ninth. What is total product for the fifth worker and the
ninth worker respectively? A) 335; 341 B) 335; 0 C) 5; 0 D) 0; 5