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Question 210

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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 $250 and the price per bushel of corn is $20. Laura should hire _____ workers to maximize profits. A)  one B)  two C)  four D)  seven
-(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 $250 and the price per bushel of corn is $20. Laura should hire _____ workers to maximize profits.


A) one
B) two
C) four
D) seven

Correct Answer:

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