Multiple Choice
(Table: Workers and Art Output) Look at the table Workers and Art Output.Suppose you achieve your dream of opening your own art studio, specializing in selling mud statues.You pay $10 in fixed costs for equipment, and you pay $9 per day to each of your workers who make the mud statues.You know the mud statues industry is perfectly competitive, with a current market price of
$1) The table shows your production function.How many statues should you produce?
A) 25
B) 35
C) 43
D) 48
Correct Answer:

Verified
Correct Answer:
Verified
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