How Many Workers Should You Hire?

Gap-fill exercise

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

Number of Workers Hired
Output
Marginal Physical Product
Price
Total Revenue
Marginal Revenue Product
0
0
$2.00
$0
1
20
20
$2.00
$40
$40
2
50
$2.00
$
$
3
70
$2.00
$
$
4
85
$2.00
$
$
5
95
$2.00
$
$
6
100
$2.00
$
$


If the wage is $25 per day, how many workers should Acme hire?
If the wage is $15 per day, how many workers should Acme hire?