Question 1
Refer to the data provided in Table 10.1 below to answer the following question(s).
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Refer to Table 10.1. If the payment to labor per day is $125, this T-shirt manufacturer is maximizing profits if he will hire ________ employees.
◦ two
◦ three
◦ four
◦ five
Question 2
Refer to the data provided in Table 10.1 below to answer the following question(s).
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Refer to Table 10.1. The maximum payment to labor per day that this profit-maximizing T-shirt manufacturer would be willing to pay to hire five workers per day is
◦ $15.
◦ $75.
◦ $125.
◦ $200.