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. hire fewer workers
B. shut down since it is incurring a loss.
C. hire more workers.
D. make no adjustments as it is already employing the profit-maximizing number of workers.
Answer: C
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An increase in Social Security payments will
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