Explore BrainMass
Share

Explore BrainMass

    Calculating number of workers the firm should employ

    This content was COPIED 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 10, 2019, 2:16 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