Use the Table Below to Answer the Following Questions

question 5

Multiple Choice

Use the table below to answer the following questions.
Table 18.2.3

-Emperor Spring Rolls produces spring rolls. The market for spring rolls is perfectly competitive, and the price of a spring roll is $3.50. The labour market is competitive, and the wage rate is $28 a day. Table 18.2.3 shows the workers' total product schedule. To maximize its profit, Emperor produces ________ spring rolls a day.

• A)32
• B)44
• C)54
• D)62
• E)66

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Definitions:

Annual Rate of Return

The percentage of profit or loss on an investment over a one-year period.

Compounded Monthly

An interest calculation method where interest is added to the principal amount every month, leading to a growth in the investment due to interest on interest.

Current Balance

The total amount of money in an account or owed on a loan at any given moment, including principal, interest, and any fees.

Interest Rate

The proportion of a loan or savings amount that is charged or paid as interest to the borrower or saver.