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 acquires more land and as a result the output that can be produced by any given number of workers doubles. Laura should hire _____ workers to maximize profits.
A) four
B) five
C) six
D) seven
Correct Answer:
Verified
Correct Answer:
Verified
Q37: A firm has hired the profit-maximizing number
Q124: The Bountiful Bakery is considering hiring another
Q126: If an individual's labor supply curve is
Q129: Which of the following is an input
Q133: Using standard economic theory, Scientific Superconductors should
Q205: If a firm hires labor such that
Q275: If the hourly wage increases from $8
Q277: A _ wage will _ the _
Q297: The marginal product times product price equals
Q305: If a person's marginal utility from an