The Production table above represents daily production of product X

The only variable resource is labor

The fixed cost is $150/day

A work day is 8 hours.

Px = Price of product X

#L is the number of laborers hired to maximize profit; Qx is the total quantity of product X produced to achieve profit maximization

Given the above conditions and the production table above, fill in the two tables below

Model for Profit max HW problem (5).docx

The Production table above represents daily production of product X

The only variable resource is labor

The fixed cost is $150/day

A work day is 8 hours.

Px = Price of product X

#L is the number of laborers hired to maximize profit; Qx is the total quantity of product X produced to achieve profit maximization

Given the above conditions and the production table above, fill in the two tables below

Model for Profit max HW problem (5).docx

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