Input Total Physical Quantity Product 1 2.828427125 3.464101615 4 4 4.472135955 6 4.898979486 7. 5.291502622 8 5.656854249 6. 10 6.32455532 The above table gives the number of plumbers hired by Mario Brothers Plumbing and the total number of clogs they can clean per hour. If the going hourly rate for a plumber is $40 per hour and the price of unclogging someone's plumbing system is $100, what is the optimal number of plumbers for the company to hire?

Input Total Physical Quantity Product 1 2.828427125 3.464101615 4 4 4.472135955 6 4.898979486 7. 5.291502622 8 5.656854249 6. 10 6.32455532 The above table gives the number of plumbers hired by Mario Brothers Plumbing and the total number of clogs they can clean per hour. If the going hourly rate for a plumber is $40 per hour and the price of unclogging someone's plumbing system is $100, what is the optimal number of plumbers for the company to hire?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 1SQ

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