Use the following to answer questions:
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $130 and the price per bushel of corn is $10. Suppose Laura is employing two workers. If she adds the third worker, her profits will:
A) increase by $79.
B) decrease by $51.
C) decrease by $109.
D) increase by $80.

Question

Use the following to answer questions: 
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $130 and the price per bushel of corn is $10. Suppose Laura is employing two workers. If she adds the third worker, her profits will:
A) increase by $79. 
B) decrease by $51. 
C) decrease by $109. 
D) increase by $80.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $130 and the price per bushel of corn is $10. Suppose Laura is employing two workers. If she adds the third worker, her profits will:
A) increase by $79. 
B) decrease by $51. 
C) decrease by $109. 
D) increase by $80.

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