Emperor spring rolls produces spring rolls. The market for spring rolls is perfe

Question

Emperor spring rolls produces spring rolls.

The market for spring rolls is perfectly competitive , and the price is $2.00 a spring roll. The labor market is competitive, and the wage reate is $40.00 a day.

The table shows part of the workers total product schedule.

workers                       spring rolls per day

2                                       32

3                                       56

4                                       76

5                                         92

6                                       1000

How many workers will emperors's hire to maximize its profit and how many spring rolls a day will it produce?

Emperor's will hire ............. workers to maximize profit?

emperor's produces ...........spring rolls a day to maximize profit?

Explanation / Answer

Emperor's will hire 4 workers to maximize profit

emperor's produces 76 spring rolls a day to maximize profit

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