Table 18-1

question 115

Multiple Choice

Table 18-1.The table displays data for a small,competitive,profit-maximizing firm that produces and sells envelopes.The time frame is one week.

-Refer to Table 18-1.Suppose the firm sells each box of envelopes that it produces for $7.50.How many workers should the firm hire?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and in the design and use of machines and devices.

Class Voting

The pattern of voting behavior where individuals' choices at the polls are strongly influenced by their social class.

Decreased

The act or process of becoming smaller in size, quantity, or intensity; the opposite of increased.

Fluctuated

Varied or changed over time within a range or scale, often in an unpredictable manner.