Refer to the information provided in Figure 10.1 below to answer the question(s) that follow. 
Figure 10.1 Refer to Figure 10.1. This firm is currently hiring 15 workers and paying a wage of $10. This firm should
A. increase employment to 17 workers to increase profits.
B. do nothing because it is maximizing profits.
C. reduce employment to 14 workers to increase profits.
D. reduce employment to 15 workers to increase profits.
Answer: B
Economics
You might also like to view...
Refer to the above figure. Line ABCD is a(n)
A) discretionary-policy curve. B) Phillips curve. C) natural rate of unemployment curve. D) aggregate demand curve.
Economics
When money is accepted as payment for a good or service, it is being used as a
A) medium of exchange. B) mechanism for transforming current purchases into future purchases. C) store of value. D) unit of account.
Economics