Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.

-Refer to the above information to answer this question.What quantity of labour will Nearly Done Inc.employ and what will its total revenue be if the market wage rate is $4?
A)5 and $72.
B)8 and $96.
C)8 and $98.
D)9 and $98.
E)Some indeterminate quantity above 9.

Question

Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.
 
-Refer to the above information to answer this question.What quantity of labour will Nearly Done Inc.employ and what will its total revenue be if the market wage rate is $4?
A)5 and $72. 
B)8 and $96. 
C)8 and $98. 
D)9 and $98. 
E)Some indeterminate quantity above 9.

Quizplus · Accepted Answer

The Answer is B

Below Is Productivity Data for Firm Nearly Done Inc