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(Table: Workers and Art Output)Use Table: Workers and Art Output

Question 16

Multiple Choice

(Table: Workers and Art Output) Use Table: Workers and Art Output.Suppose that you achieve your dream of opening an art studio specializing in selling mud statues.You pay $10 in fixed costs for equipment and $9 per day to each of your workers who make the mud statues.The industry is perfectly competitive,with a current market price of $1.How many statues should you produce? (Table: Workers and Art Output) Use Table: Workers and Art Output.Suppose that you achieve your dream of opening an art studio specializing in selling mud statues.You pay $10 in fixed costs for equipment and $9 per day to each of your workers who make the mud statues.The industry is perfectly competitive,with a current market price of $1.How many statues should you produce?   A) 25 B) 35 C) 43 D) 3


A) 25
B) 35
C) 43
D) 3

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