Economics Question...price of output and workers needed? - Freemason Hirams Travels Masonic Forums

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03-22-2008, 12:54 AM

kat

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Economics Question...price of output and workers needed?

If the price of output is $5 per unit and the wage rate is $100, how many workers should be hired?

Number of Workers...2...of Output...100
Number of Workers...3...of Output...160
Number of Workers...4...of Output...210
Number of Workers...5...of Output...250
Number of Workers...6...of Output...280
Number of Workers...7...of Output...300
Number of Workers...8...of Output...310

A. 3
B. 4
C. 7
D. 5

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