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(Table: Workers and Corn Output) Laura Is a Price-Taking Farmer

Question 25

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(Table: Workers and Corn Output) Laura is a price-taking farmer who produces corn.The table Workers and Corn Output shows her production function.Suppose Laura acquires more land and as a result the output that can be produced by any given number of workers doubles.If the wage is $130 and the price per bushel of corn is $10, Laura should hire workers to maximize Profits. A) four B) five C) six D) seven (Table: Workers and Corn Output) Laura is a price-taking farmer who produces corn.The table Workers and Corn Output shows her production function.Suppose Laura acquires more land and as a result the output that can be produced by any given number of workers doubles.If the wage is $130 and the price per bushel of corn is $10, Laura should hire workers to maximize Profits. A) four B) five C) six D) seven (Table: Workers and Corn Output) Laura is a price-taking farmer who produces corn.The table Workers and Corn Output shows her production function.Suppose Laura acquires more land and as a result the output that can be produced by any given number of workers doubles.If the wage is $130 and the price per bushel of corn is $10, Laura should hire workers to maximize
Profits.


A) four
B) five
C) six
D) seven

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