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    Microeconomics Study Set 45
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    Exam 16: The Demand for Resources
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    The Table Is for a Purely Competitive Market for Resources
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The Table Is for a Purely Competitive Market for Resources

Question 249

Question 249

Multiple Choice

  The table is for a purely competitive market for resources. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire A) 2 workers. B) 3 workers. C) 4 workers. D) 5 workers. The table is for a purely competitive market for resources. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire


A) 2 workers.
B) 3 workers.
C) 4 workers.
D) 5 workers.

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