Table 18-B Consider the Following Daily Production Data for MadeFromScratch, Inc. MadeFromScratch

question 186

Multiple Choice

Table 18-B
Consider the following daily production data for MadeFromScratch, Inc. MadeFromScratch sells cupcakes for $3 each and pays the workers a wage of $325 per day.
-Refer to Table 18-11. Assume that MadeFromScratch is a competitive, profit-maximizing firm. If the market price of cupcakes increases from $2.00 to $2.50, how many workers would the firm then hire?

• A)2 workers
• B)3 workers
• C)4 workers
• D)5 workers

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River

A large natural stream of water flowing in a channel to the sea, a lake, or another river.

Glaciers

Glaciers are vast bodies of ice that form over eons from the accumulation and compaction of snow, significantly shaping the earth's landscape as they move.

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Linear and elongated depressions on the Earth's surface that are characterized by their smooth, rounded shapes.

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Particles of organic and inorganic matter that settle at the bottom of bodies of water, contributing to the ocean floor's makeup.