The questions below deal with the Widget Company, which produces widgets according to the following table.

-If the real wage is equal to 7 widgets,and only an integer number of workers can be hired,the Widget company should hire
A) 2 workers.
B) 3 workers.
C) 4 workers.
D) 5 workers.

Question

The questions below deal with the Widget Company, which produces widgets according to the following table.
 
-If the real wage is equal to 7 widgets,and only an integer number of workers can be hired,the Widget company should hire
A) 2 workers. 
B) 3 workers. 
C) 4 workers. 
D) 5 workers.

Quizplus · Accepted Answer

The real wage is equal to 7 widgets, so the company should hire 3 workers, as 3 workers will produce 21 widgets (3 * 7), which is the closest integer number of widgets to the real wage.

The Questions Below Deal with the Widget Company, Which Produces