Use the table below to answer the following questions.
Table 18.2.3

-Emperor Spring Rolls produces spring rolls. The market for spring rolls is perfectly competitive, and the price of a spring roll is $3.50. The labour market is competitive, and the wage rate is $28 a day. Table 18.2.3 shows the workers' total product schedule. To maximize its profit, Emperor hires ________ workers a day.
A) 2
B) 3
C) 4
D) 5
E) 6
Correct Answer:
Verified
Q47: If the wage rate increases,the substitution effect
Q47: The substitution effect on labour supply refers
Q48: If the wage rate decreases,the substitution effect
Q50: The value of marginal product is
A)the value
Q50: If the wage rate decreases,the income effect
Q51: A firm can sell its output for
Q52: If the wage rate increases,the income effect
Q54: As the wage rate rises,a household will
Q55: The labour supply curve may eventually become
Q60: The income effect on labour supply refers
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