Multiple Choice
Use the following to answer questions:
-(Table: Workers and Corn Output) Look at the 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. 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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