15 If the price rises to 5 a smoothie, how many workers will Kaisers hire? Kaisers Smoothie...

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15 If the price rises to €5 a smoothie, how many workers will Kaiser’s hire?

Kaiser’s Smoothie Bar in Bonn hires workers to produce smoothies. The market for smoothies is perfectly competitive, and the price of a smoothie is €4. The labour market is competitive, and the wage rate is €40 a day. The table shows the workers’ total product schedule:

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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