Solved

Table 18-1

​ -Refer to Table 18-1

Question 24

Multiple Choice

Table 18-1


 Labor  (Number of workers)   Output  (Units per day)  00114223330434536637\begin{array} { | c | c | } \hline \begin{array} { c } \text { Labor } \\\text { (Number of workers) }\end{array} & \begin{array} { c } \text { Output } \\\text { (Units per day) }\end{array} \\\hline 0 & 0 \\\hline 1 & 14 \\\hline 2 & 23 \\\hline 3 & 30 \\\hline 4 & 34 \\\hline 5 & 36 \\\hline 6 & 37 \\\hline\end{array}
-Refer to Table 18-1. Suppose that the firm pays its workers $29 per day. Each unit of output sells for $11. How many workers should the firm hire?


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

Correct Answer:

verifed

Verified

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

Related Questions