Refer to the Table Shown If the Price Per Unit of Product Is $2 and c

question 120

Multiple Choice

Refer to the table shown. $$\begin{array}{l}\begin{array} { | c | c | } \hline\text { Number wf Warkers } & \text { Tatal Praduct per Hour }\\\hline 1 & 24 \\\hline 2 & 44 \\\hline 3 & 60 \\\hline 4 & 74 \\\hline 5 & 84 \\\hline 6 & 90 \\\hline 7 & 92 \\\hline\end{array}\end{array}$$ If the price per unit of product is $2 and the wage rate is $25, a profit-maximizing firm operating in competitive markets would hire:

• A) three workers.
• B) four workers.
• C) five workers.
• D) six workers.

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Definitions:

Fossils

The preserved remains or impressions of organisms from the past, typically found in sedimentary rock.

Scratch Marks

Linear erosional features on rock surfaces, often caused by the movement of glaciers or other sediment-laden flows.

Plate Boundaries

The edges where two tectonic plates meet, which can lead to geological phenomena such as earthquakes, volcanic activity, and the formation of mountain ranges.

Divergent

Pertains to tectonic plate boundaries that move away from each other, leading to the creation of new crust as magma rises to fill the gap.