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Figure 18-1 on the Graph, L Represents the Quantity of Labor and Labor

Question 529

Multiple Choice

Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week. Figure 18-1 On the graph, L represents the quantity of labor and Q represents the quantity of output per week.   -Refer to Figure 18-1. Suppose the firm sells its output for $20 per unit, and it pays each of its workers $1,250 per week. The firm maximizes profit by hiring A) 3 workers. B) 4 workers. C) 5 workers. D) 6 workers.
-Refer to Figure 18-1. Suppose the firm sells its output for $20 per unit, and it pays each of its workers $1,250 per week. The firm maximizes profit by hiring


A) 3 workers.
B) 4 workers.
C) 5 workers.
D) 6 workers.

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