Use the Following to Answer Questions -(Table: Workers and Corn Output)Use Table: Workers and Corn Output
Use the following to answer questions :
-(Table: Workers and Corn Output) Use Table: Workers and Corn Output.Laura is a price-taking farmer who produces corn.Assume that the wage rate for workers is $130 and the price per kilogram of corn is $10.Suppose that Laura is employing 2 workers.If she adds the third worker,her profits will:
A) increase by $79.
B) decrease by $51.
C) decrease by $19.
D) increase by $80.
Correct Answer:
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