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Refer to the Given Data

Question 50

Multiple Choice

Refer to the given data. If the market wage rate is $8 and the firm hires its profit-maximizing number of workers, the firm's total wage bill (payment) will be A) $16. B) $24. C) $32. D) $48. Refer to the given data. If the market wage rate is $8 and the firm hires its profit-maximizing number of workers, the firm's total wage bill (payment) will be


A) $16.
B) $24.
C) $32.
D) $48.

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