Solved

High Tech, Inc For Simplicity, Assume That Labor Is the Only Input

Question 81

Multiple Choice

High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour.  Number of Workers  Chairs Produced Per Hour 00110218324428530\begin{array} { | c | c | } \hline \text { Number of Workers } & \text { Chairs Produced Per Hour } \\\hline 0 & 0 \\\hline 1 & 10 \\\hline 2 & 18 \\\hline 3 & 24 \\\hline 4 & 28 \\\hline 5 & 30 \\\hline\end{array} For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $70?


A) 1
B) 2
C) 3
D) 4

Correct Answer:

verifed

Verified

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

Related Questions