Explore BrainMass
Share

Calculating number of workers the firm should employ

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Use the following data for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers the firm will employ to maximize profits.

Number of Workers (L) MRPL MRCL
1 $200 $30
2 150 30
3 125 30
4 100 30
5 75 30
6 50 30
7 30 30
8 10 30

© BrainMass Inc. brainmass.com October 15, 2018, 5:34 am ad1c9bdddf - https://brainmass.com/economics/macroeconomics/calculating-number-of-workers-the-firm-should-employ-369915

Solution Preview

Number of Workers (L) MRPL MRCL
1 $200 $30
2 150 30
3 ...

Solution Summary

Solution depicts the steps to number of workers the firm should employ in the given case.

$2.19