Multiple Choice
Suppose a firm sells a good for a perfectly competitive price of $5.The equilibrium wage rate is $10.The first worker it hires produces five units.Two workers produce a total of nine units.Given this information, the firm will:
A) hire the first worker only.
B) hire both the first and second workers.
C) not hire either of the workers.
D) hire only the second worker.
Correct Answer:
Verified
Correct Answer:
Verified
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