Number of EmployeesTotal Output16211315418520Table 16.2 Table 16.2 gives the number of oil changes that can be performed at a local oil change business based on the number of employees hired. If the price of an oil change is $20, and workers get paid $150 per day, how many workers should the business hire?

Barbara just purchased a television using cash. This is an example of which function of money?

a) Barter b) Medium of exchange c) Unit of account d) Store of value

Asymmetric information is

A) when a market failure occurs. B) an externality. C) when the producer has information on the product that the consumer lacks. D) the regulatory price for a natural monopoly.