The Following Schedule Shows How Many Jars of Jaynie's Jam

question 37

Multiple Choice

The following schedule shows how many jars of Jaynie's Jam can be produced daily with various amounts of labor (assume that the jam is sold in a competitive price-taker market) .

If Jaynie must pay each worker $65 per day and she can sell her jam for $10 per jar, how many workers should she hire if she wants to maximize profits?

• A) 3
• B) 4
• C) 5
• D) 6

---

Definitions:

Ownership

The legal right or state of having full control and possession over property, assets, or an entity.

Ethics Competency

The ability to recognize ethical issues, make reasoned ethical judgments, and implement decisions in a manner consistent with established ethical standards.

Stakeholder Ethics

The principles and standards that guide how a business should act towards its stakeholders to be considered ethical.

Johnson and Johnson

A multinational corporation known for producing pharmaceuticals, medical devices, and consumer packaged goods.