Consider the Following Table -If the Business Is Hiring Workers Under Perfectly Competitive Conditions

question 29

Multiple Choice

Consider the following table:

$\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Employment } & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Total Product } & 0 & 12 & 22 & 30 & 36 & 40 & 42 \\\hline \text { Product Price } ( \$ ) & 3 & 3 & 3 & 3 & 3 & 3 & 3 \\\hline\end{array}$
-If the business is hiring workers under perfectly competitive conditions at a wage rate of $10,it will choose to employ:

• A)1 worker
• B)2 workers
• C)3 workers
• D)5 workers
• E)6 workers

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