following table provides the information of a perfectly competitive firm (5)

Number of Labors Number of Candy Bars Produced

Per day

1 80

2 150

3 200

4 240

5 250

6 230

7 200

a. Using the information in the table, find the number of candies the firm should

produce if the wage rate is $20 and candy bars are sold for $0.50. (Assume there

is no fixed