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-Figure 12-8 Provides Production Data for Peg's Pie Shop,indicating the Output

Question 90

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-Figure 12-8 provides production data for Peg's Pie Shop,indicating the output per day with different numbers of employees.The shop sells its pies and hires its labor in perfectly competitive markets.Currently,the equilibrium price of a pie is $5,and the equilibrium wage rate is $80 per day.In order to maximize profit,Peg's Pie Shop should hire A) 1 worker B) 2 workers C) 3 workers D) 4 workers E) 5 workers
-Figure 12-8 provides production data for Peg's Pie Shop,indicating the output per day with different numbers of employees.The shop sells its pies and hires its labor in perfectly competitive markets.Currently,the equilibrium price of a pie is $5,and the equilibrium wage rate is $80 per day.In order to maximize profit,Peg's Pie Shop should hire


A) 1 worker
B) 2 workers
C) 3 workers
D) 4 workers
E) 5 workers

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