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Question
| Number of Workers | Total Output | Number of Workers | Total Output |
| 0 | 0 | 6 | 540 |
| 1 | 100 | 7 | 600 |
| 2 | 220 | 8 | 650 |
| 3 | 320 | 9 | 690 |
| 4 | 400 | 10 | 700 |
| 5 | 475 |
According to the above table, if the wage rate is $400 a week and the price of the good produced is $5, the perfectly competitive firm should hire
A) 3 workers.
B) 4 workers.
C) 5 workers.
D) 6 workers.
Answer
This answer is hidden. It contains 1 characters.
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