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A Firm's Labor Input, Total Output of Labor, and Product

Question 96

Multiple Choice

A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $0.5 per day? A) 4 B) 5 C) 7 D) 6 A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $0.5 per day?


A) 4
B) 5
C) 7
D) 6

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