Answer the Question on the Basis of the Following Information

question 50

Multiple Choice

Answer the question on the basis of the following information.A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired;32 when two workers are hired;37 when three are hired;and 40 when four are hired.The farmer's product sells for $3 per unit and the wage rate is $13 per worker. Refer to the given information.What is the farmer's profit-maximizing output?

• A) 20.
• B) 32.
• C) 37.
• D) 40.

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Definitions:

Lynching

An act of violence, typically murder, carried out by a mob without legal authority, often rooted in racial prejudice or vigilantism.

Lynchings

Extra-judicial killings, often carried out by a mob, motivated by prejudice or vigilante justice.

Black Victims

Individuals of African descent who suffer from crime, discrimination, or injustice within a societal context.

Union Density

The ratio of the number of union members to the total number of potential members within the labor force, indicating the strength and prevalence of labor unions.