Table 18-12 the table displays data for a small, competitive,

Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week.

Labor
L

Marginal Product of Labor
MPL

Wage
W

0 workers

 
 

 
134 boxes of envelopes
$600

1
 
 

 
106
$600

 2
 
 

 
92

$600

3
 
 

 
84
$600

4
 
 

 
78
$600

5
 
 

 
Refer to Table 18-12. If the value of the marginal product of the first worker hired is $938, then how many workers does the firm employ?

Table 18-12 the table displays data for a small, competitive,

Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week.

Labor
L

Marginal Product of Labor
MPL

Wage
W

0 workers

 
 

 
134 boxes of envelopes
$600

1
 
 

 
106
$600

 2
 
 

 
92

$600

3
 
 

 
84
$600

4
 
 

 
78
$600

5
 
 

 
Refer to Table 18-12. If the value of the marginal product of the first worker hired is $938, then how many workers does the firm employ?

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