Dream Home Builders, a construction company, wants to make a decision on the quantity of labor to be hired. It has already employed 10 workers. Suppose the wage rate for construction workers is $30 per hour. The value of the marginal product of labor of hiring 11, 12, 13, 14, and 15 workers is $70, 562, 548, $27 and $14 per hour respectively When Dream Home Builders employs 11 workers, it can increase profts by workers. Dream Home Builders optimizes by employing a total of workers the market wage changes to $27, Dream Home Builders would the number of workers employed to The curve depicting the value of the marginal product of labor is also the labor curve

Explanation:

It can boost the profits by employing more workers.

Dream Home Builders optimizes by hiring a full amount of 13 workers (VMP = Cost of labor).

Whenever the market pay adjust to $27, Dream Home Builders would boost the amount of their workers that are hired to 14 workers.

The curve portraying the value of marginal product of labor is the same thing as the labor demand curve.

A diagram solution to the question can be seen in the attached image below

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$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?