ECO 1050 (ECO 1050)
University Of Nevada-Las Vegas
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Sophia Learning - Microeconomics - Final Milestone
- Exam (elaborations) • 15 pages • 2021
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Page 1 of 13 
 
 
Sophia Learning - Microeconomics - Final Milestone 
 
 
 
 
Score 25/25 
 
 
 
 
You passed this Milestone 
25 questions were answered correctly. 1MILESTONE 
Number of Employees Total Production Marginal Product of Labor Marginal Revenue Product 
 
0	0	0 
1	18	18 
2	30	12 
3	41	11 
4	46	5 
 
 
If the price of the item is $10.00 per unit and the employees cost $100 each, how many employees should the firm hire to maximize their profit? 
 
• 
 
CONCEPT 
 Output Optimization: Ma...
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