Solved: How many workers will kaisers hire to maximize its profit, Microeconomics

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How many workers will kaisers hire to maximize its profit

Question: Kaiser's Ice Cream Parlour hires workers to produce milk shakes. The market for milk shakes is perfectly competitive, and the price of a milk shake is $4. The labour market is competitive, and the wage rate is $40 a day. The table shows the workers' total product schedule.

How many workers will Kaiser's hire to maximize its profit and how many milk shakes a day will Kaiser's produce?

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Microeconomics: How many workers will kaisers hire to maximize its profit

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