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Carolyn owns a soda factory and hires workers in a competitive labor market to bottle the soda. Her company’s weekly output of bottled soda varies with the number of workers hired as shown in the

Carolyn owns a soda factory and hires workers in a competitive labor market to bottle the soda. Her company’s weekly output of bottled soda varies with the number of workers hired, as shown in the following table:

Number of workers Cases/week

0………………………… 0

1………………………… 200

2………………………… 360

3………………………… 480

4………………………… 560

5………………………… 600

a. If each case sells for $10 more than the cost of the materials used in pro¬ducing it and the competitive market wage is $1,000 per week, how many workers should Carolyn hire? How many cases

May 11 2020 View more View Less

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