Table 18-7 Harold Owns a Cranberry Bog in Which He Grows Cranberries

question 25

Multiple Choice

Table 18-7
Harold owns a cranberry bog in which he grows cranberries. Harold's farm is a competitive, profit-maximizing firm. Harold's production function is detailed in the table below.

-Refer to Table 18-7.If Harold pays his workers $250 per day and sells his cranberries for $5 per bushel,what is the maximum number of workers that he will hire?

• A) 1
• B) 2
• C) 3
• D) 4

---

Definitions:

Authoritative Parents

Parents who are firm, setting clear and consistent limits, but who try to reason with their children, giving explanations for why they should behave in a particular way.

Clear Limits

Well-defined boundaries that establish the expectations and rules guiding individuals' behaviors within a certain context.

Reason

The mental capacity to logically think, infer, and make conclusions based on evidence and rational thought.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 7 and 12, where children gain the ability to think logically about concrete events.