-Based on the Table Above,if the Wage Rate Is $500

question 29

Essay

$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} & \text { Output } \\\hline 0 & 0 \\\hline 1 & 50 \\\hline 2 & 110 \\\hline 3 & 300 \\\hline 4 & 450 \\\hline 5 & 590 \\\hline 6 & 665 \\\hline 7 & 700 \\\hline 8 & 725 \\\hline 9 & 710 \\\hline 10 & 705 \\\hline\end{array}$

-Based on the table above,if the wage rate is $500 and the price of output is $5,how many workers should the firm hire?

---

Definitions:

Early Adolescent

Refers to the early phase of adolescence, typically ranging from ages 10 to 13, marked by rapid physical, cognitive, and psychological changes.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Increases

Refers to the action or process of becoming larger, greater, or higher.

Ages

The different stages of life through which an individual progresses, from birth to death.