Number of Workers MPL 1 $500 2 $400 3 $3…
Number of Workers MPL 1 $500 2 $400 3 $300 4 $200 5 $100 A construction company builds stone fireplaces. The market wage for a stonemason is $350 per day. The table above depicts the marginal product of labor (MPL) per day for a given number of stonemasons. To maximize profits, this company should hire _________ stonemasons.
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