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Unformatted text preview: d) 1250 e) None of the above are correct. 3) The maximum profit for Hope Enterprises equals ______ dollars per month. a) 350,000 b) 66,000 c) 24,000 d) 84,000 e) None of the above are correct. 4) The value of the marginal product of the last worker hired by Hope Enterprises equals ____ dollars. a) 900 b) 1200 c) 1500 d) 1800 e) None of the above are correct. 5) Suppose workers in the labor market form a union, and demand a wage equal to $1400 per month. The maximum profit Hope Enterprises can earn if it pays this wage equals ______ dollars per month. a) 350,000 b) 66,000 c) 24,000 d) 84,000 e) None of the above are correct....
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 Spring '09
 HOLLAND
 Economics, Perfect Competition

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