The Following Table Shows Data for a Firm

question 22

Multiple Choice

The following table shows data for a firm. The first column shows the number of variable resource employed in production, the second column shows the total product of the firm, and the third column shows its product price. If the firm decides to hire nine units of the resource, the market price paid to a resource is _____. ​
Table 11.4
​

• A)$98
• B)$4
• C)$396
• D)$28
• E)$400

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Definitions:

Welfare Payments

Financial assistance payments made by the government to individuals or families in need.

Theories Of Poverty

Diverse explanations about the causes and persistence of poverty that influence social policy and intervention strategies.

Conservatives And Liberals

Political ideologies with conservatives often favoring tradition, and liberals advocating for change and social equality.

Workfare

A plan that requires welfare recipients to accept jobs or to enter training programs.