The Table Has the Marginal Products for Workers at Bart's

question 141

Multiple Choice

The table has the marginal products for workers at Bart's Bats, a baseball bat factory.
-Using the above table,if the wage rate for a worker in a baseball bat manufacturing plant is $18 an hour,and the price of a bat is $3,then the firm will hire ________ workers.

• A) 1
• B) 2
• C) 3
• D) 4
• E) More information is needed to determine how many workers will be hired.

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Definitions:

In-flight Service

The range of amenities and services offered to passengers during an airplane flight, including meals, entertainment, and comfort items.

Environmental Force

External factors that can affect a business's operations, including sociocultural, technological, economic, ecological, and political factors.

Legislation

Laws and regulations that have been enacted by a governing body to control, authorize, or restrict certain activities.

Customer Value

The perception of what a product or service is worth to a customer compared to the alternatives.