Solved

Use the Table Below to Answer the Following Questions

Question 5

Multiple Choice

Use the table below to answer the following questions.
Table 18.2.3
Use the table below to answer the following questions. Table 18.2.3    -Emperor Spring Rolls produces spring rolls. The market for spring rolls is perfectly competitive, and the price of a spring roll is $3.50. The labour market is competitive, and the wage rate is $28 a day. Table 18.2.3 shows the workers' total product schedule. To maximize its profit, Emperor produces ________ spring rolls a day. A) 32 B) 44 C) 54 D) 62 E) 66
-Emperor Spring Rolls produces spring rolls. The market for spring rolls is perfectly competitive, and the price of a spring roll is $3.50. The labour market is competitive, and the wage rate is $28 a day. Table 18.2.3 shows the workers' total product schedule. To maximize its profit, Emperor produces ________ spring rolls a day.


A) 32
B) 44
C) 54
D) 62
E) 66

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions