The Grungo Company Has the Following Production Function If the Real Wage Rate Is 6, How Many Workers

question 85

Multiple Choice

The Grungo Company has the following production function: $$\begin{array} { c c } \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} & \begin{array} { c } \text { Number of } \\\text { Grungos Produced }\end{array} \\\hline 0 & 0 \\1 & 10 \\2 & 19 \\3 & 26 \\4 & 31 \\5 & 34\end{array}$$ If the real wage rate is 6, how many workers will the company hire?

• A) 0
• B) 1
• C) 3
• D) 5