(Table: Labor and Quantity of Output) the Table Shows the Production

question 183

Multiple Choice

(Table: Labor and Quantity of Output) The table shows the production function for a firm using a given amount of capital. If the price of the product is $15 each, how many workers would the firm employ if the wage per worker is $90?
$\begin{array}{|c|c|}\hline \text { Units of Labor } & \begin{array}{c}\text { Quantity of } \\\text { Output }\end{array} \\\hline 1 & 20 \\\hline 2 & 28 \\\hline 3 & 35 \\\hline 4 & 41 \\\hline 5 & 44 \\\hline 6 & 35 \\\hline\end{array}$

• A) six workers
• B) five workers
• C) four workers
• D) three workers

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Definitions:

Stable National Government

A government that is consistently able to provide services, enforce laws, and maintain order without frequent changes or interruptions.

Economy

The system of production, distribution, and consumption of goods and services within a particular society or geographical area.

American Economy

The economic system of the United States, characterized by a mixture of private and public enterprises.

Commercial Manufacturing

Commercial manufacturing refers to the large-scale production of goods typically utilizing machinery in factories, aimed at supplying a wide market.