Use the Following to Answer Question

question 280

Multiple Choice

Use the following to answer question:
-(Table: Workers and Corn Output) Use Table: Workers and Corn Output.Laura is a price-taking farmer who produces corn.Assume that the wage rate for workers is $125 and the price per bushel of corn is $10.To maximize profits,Laura should employ _____ workers.

• A)2
• B)3
• C)4

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Definitions:

U.S. Border Patrol

A federal law enforcement agency of the United States Department of Homeland Security, tasked with monitoring and securing U.S. borders against illegal entry and trafficking.

Goldman Sachs

A leading global investment banking, securities, and investment management firm, known for its significant influence in financial markets.

Subprime Mortgages

These are loans given to individuals with poor credit histories, which carry higher interest rates than prime loans due to increased risk.

Mortgage-Based Securities

Financial instruments that represent claims to the cash flows from pools of mortgage loans, typically on residential property.