Questions Are Based on the Data in the Following

question 16

Multiple Choice

Questions are based on the data in the following table. Assume that the labor market is perfectly competitive.


$\begin{array}{cc}\begin{array}{cc}\underline{\text { Labor }} & \underline{\text { Output }} \\0 & 0 \\1 & 15 \\2 & 29 \\3 & 42 \\4 & 54 \\5 & 65\end{array}\begin{array}{r}\underline{\text { Price }} \\\$ 2.20 \\2.00 \\1.80 \\1.60 \\1.40 \\1.20\end{array}\end{array}$

-If the wage is $11.00,how many workers will this profit-maximizing firm choose to employ?

• A)2
• B)3
• C)4
• D)5

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Avoid

To intentionally stay away from or prevent something from happening.

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Discomfort or pain originating from the skin, often due to injury, infection, or various dermatological conditions.

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One of the five traditional senses which gives humans the ability to discern flavors in foods and beverages.