Happy Tots Child Care Units of Labor per WeekOutput per WeekMarginal Product per Week144295313441635182 Price of a unit of output: $150 per week.Cost to Happy Tots of hiring one more unit of labor: $400 per week.Table 16.1 Refer to Table 16.1. Suppose the cost of child care workers (units of labor) is the only cost the firm faces. How many units of labor would the firm need to hire to maximize profit?
A. Four
B. Five
C. Two
D. Three
Answer: A
Economics
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Economics