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Question 110

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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 $250 and the price per bushel of corn is $20.Laura should hire _____ workers to maximize profits. A) 1 B) 2 C) 4 D) 7
-(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 $250 and the price per bushel of corn is $20.Laura should hire _____ workers to maximize profits.


A) 1
B) 2
C) 4
D) 7

Correct Answer:

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