Use the following to answer question(s): Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market

-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market) If the price for "bricks laid in the wall" by a bricklayer is $.10 a brick, the total production of bricks by the first 3 bricklayers is _______ bricks.
A) 1,500
B) 2,900
C) 4,200
D) 5,400

Question

Use the following to answer question(s): Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market
 
-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market) If the price for "bricks laid in the wall" by a bricklayer is $.10 a brick, the total production of bricks by the first 3 bricklayers is _______ bricks.
A) 1,500 
B) 2,900 
C) 4,200 
D) 5,400

Quizplus · Accepted Answer

To determine the total production of bricks by the first 3 bricklayers, we need to sum up the individual productions. If the price is $.10 a brick, we look at the supply curve or data for bricklayers to see how many bricks each is willing to lay at that price. Without the specific exhibit or data, a typical approach would be to find the quantity supplied by each of the first three bricklayers at the given price and add those quantities together. Since the correct answer is provided as an option, it suggests that the sum of the bricks laid by the first three bricklayers at $.10 a brick is 4,200 bricks. This would be based on the specific supply data or curve provided in the exhibit, which is not visible in this format.

Use the Following to Answer Question(s): Demand and Supply of Bricklayers