Use the Following to Answer Questions

question 128

Multiple Choice

Use the following to answer questions:
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $130 and the price per bushel of corn is $10. Suppose Laura acquires more land and as a result the output that can be produced by any given number of workers doubles. Laura should hire _____ workers to maximize profits.

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

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Definitions:

Ida B. Wells

An African American journalist, abolitionist, and feminist who led an anti-lynching crusade in the United States in the 1890s.

Economic Independence

The condition in which an entity or nation has sufficient resources to sustain its operations without relying on external support.

Democratic Self-Government

The principle or system where citizens have the authority to decide on laws and policies directly or through elected representatives, embodying democracy.

Civil War

A war between groups within the same country or state, often over control of the government, territorial independence, or ideological differences.