Multiple Choice
Use the table below to answer the following questions.
Table 17.2.1
-Refer to Table 17.2.1.If the firm can sell all the output it wants for the price of $5 a unit,what is the profit-maximizing number of workers if the wage rate is $30?
A) 1
B) 3
C) 5
D) 6
E) 7
Correct Answer:

Verified
Correct Answer:
Verified
Q106: The four factors of production are<br>A)productive factors,neutral
Q107: Use the figure below to answer the
Q108: The demand curve for labour will shift
Q109: To maximize profit,a firm hires labour until<br>A)there
Q110: If the market for a nonrenewable natural
Q112: Suppose a profit-maximizing firm hires labour in
Q113: Given that r is the rate of
Q114: To maximize profit,the firm must equate the<br>A)wage
Q115: If the annual rate of interest is
Q116: If the interest rate is 10 percent