Refer to the Given Table

question 266

Multiple Choice

Refer to the given table. If the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ

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

---

Definitions:

Required Rate Of Return

The lowest annual gain percentage that persuades individuals or firms to allocate resources to a particular security or project.

Market Rate Of Return

The average rate of return anticipated by investors in a particular market, benchmarked against existing interest rates or historical returns.

Dividend

A portion of a company's profits allocated by the board of directors to its shareholders.

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, typically with fixed dividends and without voting rights.