Answer the Question on the Basis of the Information Given

question 5

Multiple Choice

Answer the question on the basis of the information given in the following table: $\begin{array}{c}\begin{array}{c}\\Employment\\\hline0\\1 \\2 \\3 \\4 \\5 \\6\end{array}\begin{array}{c}Total\\Product\\\hline0\\12\\22\\30\\36\\40\\42\\\end{array}\begin{array}{c}\text { Product }\\\text { Price } \\\hline \$ 3 \\3 \\3 \\3 \\3 \\3 \\3\end{array}\end{array}$ Refer to the given data.If the firm is hiring workers under purely competitive conditions at a wage rate of $22,it will employ:

• A) 1 worker.
• B) 2 workers.
• C) 3 workers.
• D) 4 workers.

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Definitions:

C. Saunders

Cicely Saunders was a key figure in the hospice movement, promoting palliative care for terminally ill patients.

Technological Imperative

A concept urging that if we have the technological capability to do something, we should do it. Action in the form of the use of an available technology is always preferable to inaction.

Western Societies

Cultures and communities typically found in Western Europe and North America, characterized by democratic political systems, capitalist economies, and specific socio-cultural norms.

Bureaucratized

The process of managing an organization by adhering strictly to fixed rules and formalities.