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    Microeconomics Study Set 46
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    Exam 13: Factor Markets
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    Table (Baristas Labor I)
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Table (Baristas Labor I)

Question 24

Question 24

Multiple Choice

Table (Baristas Labor I) . Suppose that the wage rate for baristas is $9 per hour and the average price of cappuccino is $4.50. Table (Baristas Labor I) . Suppose that the wage rate for baristas is $9 per hour and the average price of cappuccino is $4.50.   The profit-maximizing quantity of labor is ____. A)  2 B)  3 C)  4 D)  5 The profit-maximizing quantity of labor is ____.


A) 2
B) 3
C) 4
D) 5

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