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(Table: Short-Run Production Function I) the Table Shows the Short-Run

Question 9

Multiple Choice

(Table: Short-run Production Function I) The table shows the short-run production function for a competitive firm. (Table: Short-run Production Function I) The table shows the short-run production function for a competitive firm. Assuming the firm sells its output for $20 per unit and workers earn a market wage of $80 a day, the firm should hire ____ workers. A) 8 B) 7 C) 6 D) 5 Assuming the firm sells its output for $20 per unit and workers earn a market wage of $80 a day, the firm should hire ____ workers.


A) 8
B) 7
C) 6
D) 5

Correct Answer:

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