Answer the Question on the Basis of the Following Information

question 86

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.How many workers should the farmer hire?

• A) 1.
• B) 2.
• C) 3.
• D) 4.

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Definitions:

Subliminal Messages

Signals below the threshold of conscious awareness, designed to influence thoughts, feelings, or actions.

Weight-Loss

The reduction of total body mass due to a mean loss of fluid, body fat or adipose tissue, and/or lean mass.

Group Size

Refers to the number of individuals forming a social or functional cluster, which can influence dynamics and interactions within the group.

Satisfaction

A measure of how well needs, desires, or expectations are met or fulfilled.