Use the Following Table to Answer the Following Questions

question 159

Multiple Choice

Use the following table to answer the following questions:

-If the workers are paid $10 per hour,the price of the product is $3,and the fixed cost of the business is $10,then how many workers should the business employ?

• A) three
• B) four
• C) five
• D) six
• E) seven

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Definitions:

Risk Premium

The additional return expected by an investor for taking a higher risk.

Risk-Free Rate

The theoretical return on investment with no risk of financial loss, typically represented by government bonds.

Recessionary Economy

An economic condition characterized by a significant decline in general economic activity over a sustained period.

Boom Economy

A phase of economic expansion characterized by rapid growth, increased production, and elevated consumer spending.