Scenario: a Small Apple Orchard Operates in a Perfectly Competitive

Multiple Choice

Scenario: A small apple orchard operates in a perfectly competitive output market (the market for apples) and input or factor market (the market for apple pickers) . The market price of apples is $1 per pound, and the market wage for apple pickers is $50 per day. See the following table.

-Refer to the scenario above.What is the profit-maximizing number of workers the orchard should hire?

A) 5
B) 10
C) 12
D) 14