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Question 56

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Use the following to answer questions: 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 $125 and the price per bushel of corn is $10. Suppose Laura is employing seven workers. If she reduces employment to six workers, her profits will: A)  increase by $20. B)  decrease by $970. C)  increase by $105. D)  increase by $90.
-(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 $125 and the price per bushel of corn is $10. Suppose Laura is employing seven workers. If she reduces employment to six workers, her profits will:


A) increase by $20.
B) decrease by $970.
C) increase by $105.
D) increase by $90.

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