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 produces ________ spring rolls a day.
A) 32
B) 44
C) 54
D) 62
E) 66
Correct Answer:
Verified
Q36: The demand for labour is a derived
Q41: If the supply of labour decreases,which of
Q42: The idea that the demand for tire
Q44: Use the information below to answer the
Q45: The reservation wage of labour is
A)the wage
Q47: The substitution effect on labour supply refers
Q47: If the wage rate increases,the substitution effect
Q50: If the wage rate decreases,the income effect
Q50: The value of marginal product is
A)the value
Q51: A firm can sell its output for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents