Author Question: The table shows the number of workers (L) and the output of bouncy balls (Q) each week. The bouncy ... (Read 475 times)

isam · **on:** Nov 23, 2022

The table shows the number of workers (L) and the output of bouncy balls (Q) each week. The bouncy ball producer is a price taker in both the product and labor markets.

Number of Workers (L)	Output of Bouncy Balls (Q)
0	0
1	41
2	97
3	144
4	184
5	205
6	225

Assume the price of a bouncy ball is $7.25. If the equilibrium wage is $290, what is the additional profit earned from hiring the third worker?
◦ $340.75
◦ $50.75
◦ $754
◦ $1044

kuttz · **Reply #1 on:** Nov 23, 2022

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