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Assume Manfred's Shoe Shine Parlor Hires Labor, Its Only Variable

Question 316

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Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. How many units of output are produced when 2 workers are employed? A) 4 B) 16 C) 24 D) 10 How many units of output are produced when 2 workers are employed?


A) 4
B) 16
C) 24
D) 10

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