4. Again referring to the table to the right,if wages are $30 per hour for what range of prices for chairs given below would the firm choose to hire exactly 6 workers?
- at least $4.74 but not quite $5.00
- at least $4.28 but not quite $5.00
- at least $5.00 but not quite $6.00
- at least $6.00 but not quite $7.50
- at least $7.50 but not quite $10
|
| Workers | Chairs/Hour |
| 0 | 0 |
| 1 | 5 |
| 2 | 12 |
| 3 | 20 |
| 4 | 27 |
| 5 | 33 |
| 6 | 38 |
| 7 | 42 |
| 8 | 45 |
|
