Table 17-3
Number of Workers
Output of Microwave Ovens per Week
1
30
2
55
3
75
4
90
5
100
6
105
Hotspur Incorporated, a manufacturer of microwave ovens, is a price taker in its input and output markets. The firm hires labor at a constant wage rate of $800 per week and sells microwave ovens at a constant price of $80. Table 17-3 shows the relationship between the quantity of labor it hires and the quantity of microwave ovens it produces.
Refer to Table 17-3. What is Hotspur's profit maximizing quantity of labor?
Group of answer choices
5 workers
3 workers
6 workers
2 workers