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Based on the Table Below, How Many Workers Will the Firm

Question 188

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Based on the table below, how many workers will the firm employ in order to maximize profits?  Workers  Output  Product Price  Wage Rate 125,000$2$725135,450$2$725145,875$2$725156,275$2$725166,650$2$725177,000$2$725187,325$2$725\begin{array} { c c c c } \text { Workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \\\hline 12 & 5,000 & \$ 2 & \$ 725 \\13 & 5,450 & \$ 2 & \$ 725 \\14 & 5,875 & \$ 2 & \$ 725 \\15 & 6,275 & \$ 2 & \$ 725 \\16 & 6,650 &\$2 &\$ 725 \\17 & 7,000 & \$ 2 & \$ 725 \\18 & 7,325 & \$ 2 & \$ 725\end{array}


A) 14
B) 15
C) 16
D) 17
E) 18

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