Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. The firm currently employs 4 workers at the market wage of $120 per worker per day. If the firm wants to maximize its profits, it should
A. shut down since it is incurring a loss.
B. hire fewer workers
C. make no adjustments as it is already employing the profit-maximizing number of workers.
D. hire more workers.
Answer: D
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a. nonrivalrous goods. b. nonexclusive goods. c. both nonrivalrous and nonexclusive goods. d. neither nonrivalrous nor nonexclusive goods.
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a. the median-voter model b. rent seeking c. perfect competition d. monopoly e. public-interest legislation
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a. True b. False Indicate whether the statement is true or false
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a. completely objective. b. somewhat arbitrary. c. unconstitutional. d. based on average income.