Exhibit 11-4 Supply and demand curves for food servers
In Exhibit 11-4, assume that both input and output markets are perfectly competitive. If one additional server increases the number of meals sold by four per day and each meal sells for $10, each additional food server will be paid:
A. $16 per day.
B. $32 per day.
C. $36 per day.
D. $40 per day.
Answer: D
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