Solved

Use the Table Below to Answer the Following Questions

Question 46

Multiple Choice

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

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents