Solved

Use the Following to Answer Question

Question 208

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Table: Workers and Corn Output) Use Table: Workers and Corn Output.Laura is a price-taking farmer who produces corn.Assume that the wage rate for workers is $130 and the price per bushel of corn is $10.Suppose that Laura is employing 2 workers.If she adds the third worker,her profits will: A) increase by $79. B) decrease by $51. C) decrease by $19. D) increase by $80.
-(Table: Workers and Corn Output) Use Table: Workers and Corn Output.Laura is a price-taking farmer who produces corn.Assume that the wage rate for workers is $130 and the price per bushel of corn is $10.Suppose that Laura is employing 2 workers.If she adds the third worker,her profits will:


A) increase by $79.
B) decrease by $51.
C) decrease by $19.
D) increase by $80.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions