Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. How many units of output are produced when 2 workers are employed?
A)4
B)16
C)24
D)10

Question

Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively.  How many units of output are produced when 2 workers are employed?
A)4 
B)16 
C)24 
D)10

Quizplus · Accepted Answer

The Answer of Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively.  How many units of output are produced when 2 workers are employed?
A)4 
B)16 
C)24 
D)10

Assume Manfred's Shoe Shine Parlor Hires Labor, Its Only Variable