Use the following table to answer the following questions:
-If the workers are paid $10 per hour,the price of the product is $4,and the fixed cost of the business is $10,then how many workers should the business employ?
Definitions:
Tort Liability
Legal responsibility arising from civil wrongs or injuries caused to a person or property, not based on contracts.
Civilized Society
A society marked by the development of social, cultural, and legal institutions that reflect advanced stages of human progress.
Corporations
Legal entities separate from their owners, created under state law, capable of conducting business, owning assets, and incurring liabilities.
Tort Theory
An area of law that deals with civil wrongs and damages caused by one party to another, not arising from contracts.
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