Table 18-10
Refer to Table 18-10 . This table describes the number of baseb...
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Table 18-10
Quantity of
Number of Baseballs
Labor
Per Day
0
0
1
100
2
240
3
360
4
440
5
500
Refer to Table 18-10. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market and the firm pays each unit of labor a wage equal to $320 per day. How many units of labor should the firm hire to maximize profit?