Refer to the Accompanying Table to Answer the Questions That

question 49

Multiple Choice

Refer to the accompanying table to answer the questions that follow.

-If the price of output is $2 and the wage for workers is $4,how many workers will the firm hire?

• A) 1
• B) 2
• C) 3
• D) 4
• E) 5

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Definitions:

International Nickel Company

A multinational corporation that was historically involved in nickel mining and smelting; now part of Vale S.A.

DeBeers Diamond Company

A large multinational corporation that specializes in diamond exploration, diamond mining, diamond retail, diamond trading and industrial diamond manufacturing sectors.

National Football League

A professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

American Football League

A professional American football league that merged with the National Football League (NFL) in 1970, now known as the AFC within the NFL.