Use the Following to Answer Question 28 -(Table: Workers and Art Output)Use Table: Workers and Art Output

question 193

Multiple Choice

Use the following to answer question 28: $$\begin{array}{l}\text { Table: Workers and Art Output }\\\begin{array} { l c } \hline \begin{array} { l } \text { Number of } \\\text { Workers (artists) }\end{array} & \begin{array} { c } \text { Output } \\\text { (mud statues) }\end{array} \\\hline 1 & 10 \\2 & 25 \\3 & 35 \\4 & 43 \\5 & 48 \\\hline\end{array}\end{array}$$
-(Table: Workers and Art Output) Use Table: Workers and Art Output.Suppose that you achieve your dream of opening an art studio specializing in selling mud statues.You pay $10 in fixed costs for equipment and $9 per day to each of your workers who make the mud statues.The industry is perfectly competitive,with a current market price of $1.How many statues should you produce?

• A) 25
• B) 35
• C) 43
• D) 3

---

Definitions:

PST

Provincial Sales Tax, a tax imposed by some Canadian provinces on the sale of goods and services.

Sweater Costing

The process of determining the production and associated costs of manufacturing a sweater.

Saskatchewan

A province in western Canada, known for its vast open spaces and agricultural produce.

First Mortgage

A primary lien on a property that takes precedence over all other mortgages or liens, typically related to the original loan used to purchase the property.