Refer to the data provided in Table 10.1 below to answer the following question(s). 
 Table 10.1 Refer to Table 10.1. If the payment to labor per day is $100, this T-shirt manufacturer is maximizing profits if he will hire ________ employee(s).

A. one
B. two
C. four
D. five


Answer: C

Economics

You might also like to view...

Monetary policy is made by the ______

Fill in the blank(s) with correct word

Economics

If the dollar appreciates, how will aggregate demand in the United States be affected?

A) Aggregate demand will shift to the right as exports increase. B) Aggregate demand will shift to the right as imports increase. C) Aggregate demand will shift to the left as imports increase. D) Aggregate demand will shift to the left as exports increase.

Economics

Of all Medicaid spending, ________ goes for the health needs of the elderly.

A. 65% B. 13% C. 20% D. 50%

Economics

When perfect price discrimination comes in the form of a two-part tariff, one part of the "tariff" just covers marginal costs.

Answer the following statement true (T) or false (F)

Economics