Use the Following to Answer Questions

question 56

Multiple Choice

Use the following to answer questions:
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $125 and the price per bushel of corn is $10. Suppose Laura is employing seven workers. If she reduces employment to six workers, her profits will:

• A) increase by $20.
• B) decrease by $970.
• C) increase by $105.
• D) increase by $90.

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Definitions:

Massachusetts Committee

A historical body that played a pivotal role in governance or specific initiatives within the state of Massachusetts, often associated with the colonial or Revolutionary War period.

Black Soldiers

Military personnel of African descent who have served in various armies throughout history, often facing discrimination while fighting for their countries.

Massachusetts Courts

The judicial system of Massachusetts, responsible for interpreting and applying the law in the state, including various levels from trial courts to the Supreme Judicial Court.

Freedom Suits

Freedom Suits were legal actions by which enslaved Africans in the United States attempted to sue for their freedom in the 18th and 19th centuries.