Use the Following to Answer Questions

question 128

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 $130 and the price per bushel of corn is $10. Suppose Laura acquires more land and as a result the output that can be produced by any given number of workers doubles. Laura should hire _____ workers to maximize profits.

• A) four
• B) five
• C) six
• D) seven

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Definitions:

Build Business

The process of developing and growing a business entity through various strategies, including marketing, product development, and customer engagement.

Common System

A system or platform used broadly across different sectors or organizations, known for its wide applicability and standardization.

Behavior And Attitudes

Refers to the observable actions of individuals and their mental stance or feelings towards certain situations or concepts.

Crises

Urgent, unpredictable, and severe situations that require immediate attention and action to prevent or mitigate significant harm or disruption.