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    Principles of Microeconomics Study Set 10
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    Exam 18: The Markets for the Factors of Production
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    Table 18-2 -Refer to Table 18-2. the Table Shows the Number of the Number
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Table 18-2 -Refer to Table 18-2. the Table Shows the Number of the Number

Question 548

Question 548

Multiple Choice

Table 18-2 Table 18-2   -Refer to Table 18-2. The table shows the number of bracelets that can be assembled per week by various numbers of workers. If the price per bracelet in a perfectly competitive product market is $2.50, how many workers would the firm employ if the weekly wage rate is $375? A) 2 B) 3 C) 4 D) 5
-Refer to Table 18-2. The table shows the number of bracelets that can be assembled per week by various numbers of workers. If the price per bracelet in a perfectly competitive product market is $2.50, how many workers would the firm employ if the weekly wage rate is $375?


A) 2
B) 3
C) 4
D) 5

Correct Answer:

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