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The table below shows the total production for varying numbers of hours worked producing yo-yos. The ...

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The table below shows the total production for varying numbers of hours worked producing yo-yos. The ...

The table below shows the total production for varying numbers of hours worked producing yo-yos. The firm sells its product and hires its workers in competitive markets.

Number of Hours Worked	Number of Yo-Yos Produced	Wage Rate per Hour (S)	Price of Yo-Yos ($)
10	60	10	5
11	70	10	5
12	78	10	5
13	84	10	5
14	88	10	5
15	90	10	5

TABLE 13-4

Refer to Table 13-4. If the market price of yo-yos drops to $2.50, how many worker-hours should this profit-maximizing firm hire?

▸ 15

▸ 12

▸ 13

▸ 14

▸ 11

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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Thank you, thank you, thank you!

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