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    Principles of Economics Study Set 8
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    Exam 18: The Markets for the Factors of Production
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    Figure 18-1 -Refer to Figure 18-1. Suppose the Firm Sells Its Output
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Figure 18-1 -Refer to Figure 18-1. Suppose the Firm Sells Its Output

Question 187

Question 187

Multiple Choice

Figure 18-1 Figure 18-1   -Refer to Figure 18-1. Suppose the firm sells its output for $14 per unit, and it pays each of its workers $143 per day. How many workers will the firm hire to maximize its profit? A) 5 B) 2 C) 4 D) 3
-Refer to Figure 18-1. Suppose the firm sells its output for $14 per unit, and it pays each of its workers $143 per day. How many workers will the firm hire to maximize its profit?


A) 5
B) 2
C) 4
D) 3

Correct Answer:

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