Use the following table to answer the question : Table 16-2 : shows the number of bread loaves that can be produced per hour at various levels of labor use.The bakery is a perfectly competitive firm.

-Refer to Table 16-2.If the price of bread is $4 per loaf and the hourly wage rate is $12 per hour,how many workers will the profit-maximizing bakery hire?
A)3
B)4
C)5

Question

Use the following table to answer the question : Table 16-2 : shows the number of bread loaves that can be produced per hour at various levels of labor use.The bakery is a perfectly competitive firm.

-Refer to Table 16-2.If the price of bread is $4 per loaf and the hourly wage rate is $12 per hour,how many workers will the profit-maximizing bakery hire?
A)3 
B)4 
C)5

Quizplus · Accepted Answer

The Answer of Use the following table to answer the question : Table 16-2 : shows the number of bread loaves that can be produced per hour at various levels of labor use.The bakery is a perfectly competitive firm.

-Refer to Table 16-2.If the price of bread is $4 per loaf and the hourly wage rate is $12 per hour,how many workers will the profit-maximizing bakery hire?
A)3 
B)4 
C)5

Use the Following Table to Answer the Question : Table