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A Profit-Maximizing Firm Operates in Purely Competitive Product and Resource

Question 123

Multiple Choice

A profit-maximizing firm operates in purely competitive product and resource markets, with the resource and production schedules shown in the table. A profit-maximizing firm operates in purely competitive product and resource markets, with the resource and production schedules shown in the table. The product price is $15 per unit and the cost per worker is $540. How many workers will the firm employ? A) 5 B) 6 C) 8 D) 7 The product price is $15 per unit and the cost per worker is $540. How many workers will the firm employ?


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

Correct Answer:

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