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    Principles of Microeconomics Study Set 10
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    Exam 18: The Markets for the Factors of Production
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    Table 18-1 -Refer to Table 18-1. Suppose That the Firm Pays Its
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Table 18-1 -Refer to Table 18-1. Suppose That the Firm Pays Its

Question 505

Question 505

Multiple Choice

Table 18-1 Table 18-1   -Refer to Table 18-1. Suppose that the firm pays its workers $80 per day. Each unit of output sells for $15. How many days of labor should the firm hire? A) 3 B) 4 C) 5 D) 6
-Refer to Table 18-1. Suppose that the firm pays its workers $80 per day. Each unit of output sells for $15. How many days of labor should the firm hire?


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

Correct Answer:

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