Multiple Choice
A firm sells bagels for 50 cents each. With 10 workers the firm produces 100 dozen per hour, and with 12 workers it produces 123 dozen per hour. If the firm has 12 workers at the competitive equilibrium, the workers are earning $____ per hour assuming an average 8-hour shift per worker.
A) 8.63
B) 8.23
C) 7.94
D) 7.74
Correct Answer:
Verified
Correct Answer:
Verified
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