Question
Table 23
Quantity of
Number of
Bracelets
Labor
Per Week
0
0
1
200
2
360
3
480
4
560
5
600
Refer to Table 23. The table shows the number of bracelets that can be assembled per week by various numbers of workers. If the price per bracelet in a perfectly competitive product market is $5, how many workers would the firm employ if the weekly wage rate is $375?
Microeconomics