Business
Business, 03.01.2020 03:31, justhereforanswers13

Quanttiy of labor total product of labor
0 0
1 3
2 10
3 16
4 21
5 25
6 28
1. debbie owns a bakery and can hire workers to produce cakes selling in a competitive output market at $10 each. the table shows the relationship between the number of workers and the number of cakes produced. if debbie must pay each worker a competitive market wage of $40 per day, how many workers will she hire to maximize profit?

a) three

b) four

c) five

d) six

answer
Answers: 1

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Quanttiy of labor total product of labor
0 0
1 3
2 10
3 16
4 21
...

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