The table below indicates the contribution that each additional work makes to the productivity of a facility in the course of an eight hour day. # of Total Product: Workers (Quantity of Value of Quantity of Output Unit Labor Produced) MPL produced 12345678 30 30 300 2 57 27 270 81 24 240 102 21 210 120 18 180 135 15 150 147 12 120 156 9 90 9 162 6 60 10 165 3 30 If the going wage this kind of worker is $35/hour, how many workers should this facility hire?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The table below indicates the contribution that each additional work makes to the
productivity of a facility in the course of an eight hour day.
# of
Total
Product:
Workers (Quantity of
Value of
Quantity of
Output
Unit
Labor
Produced)
MPL
produced
12345678
30
30
300
2
57
27
270
81
24
240
102
21
210
120
18
180
135
15
150
147
12
120
156
9
90
9
162
6
60
10
165
3
30
If the going wage this kind of worker is $35/hour, how many workers should this
facility hire?
Transcribed Image Text:The table below indicates the contribution that each additional work makes to the productivity of a facility in the course of an eight hour day. # of Total Product: Workers (Quantity of Value of Quantity of Output Unit Labor Produced) MPL produced 12345678 30 30 300 2 57 27 270 81 24 240 102 21 210 120 18 180 135 15 150 147 12 120 156 9 90 9 162 6 60 10 165 3 30 If the going wage this kind of worker is $35/hour, how many workers should this facility hire?
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