Table 114 -Refer to Table 11

question 28

Multiple Choice

Table 11.4
$$\begin{array} { | c | c | c | } \hline \text { Number of Workers } & \begin{array} { c } \text { Total } \\\text { Froduct }\end{array} & \begin{array} { c } \text { Product } \\\text { Price } ( \$ ) \end{array} \\\hline 0 & 0 & 4 \\\hline 1 & 15 & 4 \\\hline 2 & 29 & 4 \\\hline 3 & 42 & 4 \\\hline 4 & 54 & 4 \\\hline 5 & 65 & 4 \\\hline 6 & 75 & 4 \\\hline 7 & 84 & 4 \\\hline 8 & 92 & 4 \\\hline 9 & 99 & 4 \\\hline 10 & 105 & 4 \\\hline\end{array}$$
-Refer to Table 11.4,which shows data for a perfectly competitive firm.The first column shows the number of workers employed in production,the second column shows the total product of the firm,and the third column shows its product price.If the firm wants to hire nine workers,then the wage rate is _____

• A)$4.
• B)$14.
• C)$28.
• D)$198.
• E)$396.

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Definitions:

Birthrate

is measured as the number of live births per thousand people in a population per year, indicating the rate at which a population is growing or declining.

Population

The total number of individuals or inhabitants in a specific area or region at a certain time.

Principle Of Population

A theory suggesting that population growth is potentially exponential while the growth of the food supply or other resources is linear.

Subsistence

The minimum level of resources (food, shelter, clothing) that is required for individuals to survive.