Suppose Kara maximizes her profits by hiring workers to produce hand-made soaps. Her soaps sell for $1 each. How should Kara decide on how many workers she should hire? a.Hire workers up to the point when the price of her soaps starts to fall from $1 b.Hire workers up to the point when the total product of all her workers is at its maximum c.Hire up to the point when the wage rate equals to the value of the marginal product of the last worker hired d.Hire up to the point when the marginal product of the last worker hired is equal to zero

Principles of Economics, 7th Edition (MindTap Course List)
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ISBN:9781285165875
Author:N. Gregory Mankiw
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Chapter18: The Markets For The Factor Of Production
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Suppose Kara maximizes her profits by hiring workers to produce hand-made soaps. Her soaps sell for $1 each. How should Kara decide on how many workers she should hire?
a.Hire workers up to the point when the price of her soaps starts to fall from $1
b.Hire workers up to the point when the total product of all her workers is at its maximum
c.Hire up to the point when the wage rate equals to the value of the marginal product of the last worker hired
d.Hire up to the point when the marginal product of the last worker hired is equal to zero
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