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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?  Workers  Output  Product Price  Wage Rate 10400$20$45011450$19$45012505$18$45013555$17$45014600$16$45015640$15$45016675$14$50\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

Correct Answer:

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