Based on the Table Below, How Many Workers Will the Firm

question 62

Multiple Choice

Based on the table below, how many workers will the firm employ in order to maximize profits? $$\begin{array} { c c c c } \text { Workers } & \text { Output } & \text { Product Price } & \text { Wage Rate } \\\hline 10 & 400 & \$ 20 & \$ 450 \\11 & 450 & \$ 19 & \$ 450 \\12 & 505 & \$ 18 & \$ 450 \\13 & 555 & \$ 17 & \$ 450 \\14 & 600 & \$ 16 & \$ 450 \\15 & 640 & \$ 15 & \$ 450 \\16 & 675 & \$ 14 & \$ 50\end{array}$$

• A)12
• B)13
• C)14
• D)15
• E)16

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Definitions:

Repolarize

The process of restoring a cell's membrane potential to its resting negative state after depolarization.

Resting Potential

The electrical charge of a neuron when it is not active, representing a state of readiness for activation.

Action Potential

A rapid rise and fall in electrical charge across a neuronal membrane, fundamental for nerve impulse transmission.

Millivolts

A unit of electric potential equal to one thousandth of a volt, often used in measurements of neuron activity.