Use the Following Table to Answer the Question : Table

question 53

Multiple Choice

Use the following table to answer the question : Table 16-2 : shows the number of bread loaves that can be produced per hour at various levels of labor use.The bakery is a perfectly competitive firm.

-Refer to Table 16-2.If the price of bread is $2 per loaf and the wage rate is $20 per hour,how many workers will the profit maximizing firm hire?

• A)3
• B)4
• C)5

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