(Table: Workers and Corn Output) Laura Is a Price-Taking Farmer

question 179

Multiple Choice

(Table: Workers and Corn Output) Laura is a price-taking farmer who produces corn.Assume the wage rate for workers is $130 and the price per bushel of corn is $10.The table Workers and Corn Output shows Laura's production function.Suppose Laura is employing two workers.If she adds the third worker, her profits will:

• A)increase by $79.
• B)decrease by $51.
• C)decrease by $109.
• D)increase by $80.

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Definitions:

Cheilosis

A condition characterized by cracking and inflammation of the lips, corners of the mouth, often due to vitamin deficiency or infection.

Abdomen

The part of the body that lies between the thorax (chest) and pelvis, housing many vital organs, including the stomach, liver, and intestines.

Large Intestine

The final section of the digestive system, responsible for absorbing water and electrolytes and forming and storing feces.

Digestion

The biological process by which food is broken down into smaller components, making nutrients available for absorption into the body.