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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