Exhibit 11-9

-In Exhibit 11-9, if the wage rate is $44 and does not vary, how many workers will be hired?
A) two
B) three
C) five
D) seven
E) nine

Question

Exhibit 11-9
 
-In Exhibit 11-9, if the wage rate is $44 and does not vary, how many workers will be hired?
A) two 
B) three 
C) five 
D) seven 
E) nine

Quizplus · Accepted Answer

The company will hire workers up to the point where MPL equals the wage rate. Looking at the table, at a wage rate of $44, MPL is 44 for the fifth worker and 40 for the sixth worker. Therefore, the company will hire five workers at a wage rate of $44.

Exhibit 11-9 -In Exhibit 11-9, If the Wage Rate Is $44 and Rate