Multiple Choice
(Table: Workers and Corn Output) Laura is a price-taking farmer who produces corn.Assume the wage rate for workers is $130 and the price per bushel of corn is $10.The table Workers and Corn Output shows Laura's production function.Suppose Laura is employing two workers.If she adds the third worker, her profits will:
A) increase by $79.
B) decrease by $51.
C) decrease by $109.
D) increase by $80.
Correct Answer:
Verified
Correct Answer:
Verified
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