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.Now suppose that new apple-picking baskets increase the productivity of apple pickers,as noted in the following table.The new profit-maximizing number of workers to hire is ________.
A) 5
B) 10
C) 12
D) 14
Correct Answer:
Verified
Correct Answer:
Verified
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