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-The Above Table Has the Total Product Schedule for Joe's

Question 241

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-The above table has the total product schedule for Joe's Barber Shop. Joe charges $6 per haircut. If the wage rate falls from $24 per worker to $12 per worker, the quantity of labor hired ________ and the new number of workers employed is ________. A) increases; 2 B) decreases; 2 C) increases; 5 D) increase; 3
-The above table has the total product schedule for Joe's Barber Shop. Joe charges $6 per haircut. If the wage rate falls from $24 per worker to $12 per worker, the quantity of labor hired ________ and the new number of workers employed is ________.


A) increases; 2
B) decreases; 2
C) increases; 5
D) increase; 3

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