With 10 workers, you produce 90 units. With 11 workers, you produce 110 units. With 12 workers, you produce 112 units. With 13 or more workers you produce 110 units. For the 12thworker, marginal product is and the profit-maximizing firm in a perfectly competitive market hire this 12 worker.
With 10 workers, you produce 90 units. With 11 workers, you produce 110 units. With 12 workers, you produce 112 units. With 13 or more workers you produce 110 units. For the 12thworker, marginal product is and the profit-maximizing firm in a perfectly competitive market hire this 12 worker.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![With 10 workers, you produce 90 units. With 11 workers, you produce 110 units. With 12 workers, you
produce 112 units. With 13 or more workers you produce 110 units. For the 12thworker, marginal product
and the profit-maximizing firm in a perfectly competitive market
_hire this 12 worker.
is
decreasing; will always
decreasing; will never
decreasing; may or may not
negative; will always
negative; will never
negative; may or may not](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b721f24-277e-423b-989f-e43d6708f27a%2F66033097-a710-4be5-a3bd-6e3daecff7ff%2Fpfaojkj_processed.png&w=3840&q=75)
Transcribed Image Text:With 10 workers, you produce 90 units. With 11 workers, you produce 110 units. With 12 workers, you
produce 112 units. With 13 or more workers you produce 110 units. For the 12thworker, marginal product
and the profit-maximizing firm in a perfectly competitive market
_hire this 12 worker.
is
decreasing; will always
decreasing; will never
decreasing; may or may not
negative; will always
negative; will never
negative; may or may not
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