Multiple Choice
The following table shows the number of bread loaves that can be produced per hour at various levels of labor use.The bakery is a perfectly competitive firm.
Table 16-2
-Refer to Table 16-2.If the price of bread is $2 per loaf and the wage rate is $20 per hour,how many workers will the profit maximizing firm hire?
A) 3
B) 4
C) 5
D) 6
Correct Answer:

Verified
Correct Answer:
Verified
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