The table is for a purely competitive market for resources. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire
A)2 workers.
B)3 workers.
C)4 workers.
D)5 workers.

Question

The table is for a purely competitive market for resources. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire
A)2 workers. 
B)3 workers. 
C)4 workers. 
D)5 workers.

Quizplus · Accepted Answer

The Answer of  The table is for a purely competitive market for resources. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire
A)2 workers. 
B)3 workers. 
C)4 workers. 
D)5 workers.

The Table Is for a Purely Competitive Market for Resources