Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note )How many workers will Woody Chuck hire at w = 6.25?
A) 1
B) 4
C) 16
D) 25

Question

Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is  .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note  )How many workers will Woody Chuck hire at w = 6.25?
A) 1 
B) 4 
C) 16 
D) 25

Quizplus · Accepted Answer

The Answer of Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is  .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note  )How many workers will Woody Chuck hire at w = 6.25?
A) 1 
B) 4 
C) 16 
D) 25

Suppose Woody Chuck's Business Is to Clear Trees for Housing