Question

A company is trying to decide how many workers to hire. They want to maximize profits. What is the maximum number of workers the company can hire to maximize profits while not having marginal costs exceed marginal revenue?

Answer 1

Answer:

USAtestprep answer is B.

Explanation:

The company should hire 9 workers to maximize profits. With the addition of the 10th worker, marginal costs exceed marginal revenue.

Answer 2

The need to sit down and figure out how many workers they can afford to add to their company, withouth marginal costs exceeding marginal revenue. When they are deciding how many people to hire, they need to consider what their rolls will be, how much they are going to pay the workers, how many hours the workers will work and so on to determine the amount of workers to hire.