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4 May, 16:05

If the price of the product is $5 per unit and the firm must pay $40 per worker employed, how many workers should the firm hire to maximize profits?

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  1. 4 May, 16:33
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    Workers should the firm hire

    Explanation:

    the formula for calculating maximizing profit

    total revenue - total cost

    so in this equation

    considering above equation

    40-5=35
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