Refer to the Data Provided in Table 10 -Refer to Table 10

question 40

Multiple Choice

Refer to the data provided in Table 10.2 below to answer the following question(s) .
Table 10.2 $$\begin{array} { c c c } \begin{array} { c } \text { Total Labor Units } \\\text { (employees) }\end{array} & \begin{array} { c } \text { Total Product } \\\text { (frames per day) }\end{array} & \begin{array} { c } \text { Price per } \\\text { Frame }\end{array} \\\hline 0 & 0 & \$ 10 \\1 & 10 & \$ 10 \\2 & 30 & \$ 10 \\3 & 55 & \$ 10 \\4 & 70 & \$ 10 \\5 & 82 & \$ 10\end{array}$$
-Refer to Table 10.2. The firm currently employs 4 workers at the market wage of $120 per worker per day. If the firm wants to maximize its profits, it should

• A) hire fewer workers
• B) hire more workers.
• C) make no adjustments as it is already employing the profit-maximizing number of workers.
• D) shut down since it is incurring a loss.

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Definitions:

Independent Self-Starter

An individual who is motivated and able to initiate tasks and projects on their own without needing direct supervision.

Fraudulent Conversion

The unauthorized taking or use of someone else’s property by a person who is in lawful possession of it, amounting to theft.

Exclusive Elements Customer

A strategy or feature in a product or service that is designed to attract a specific segment of customers by offering unique benefits.

Financial Difficulty

A situation where an individual or organization struggles to manage their finances and meet their financial obligations.