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    Exam 12: The Supply of and Demand for Productive Resources
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    Table 12-3 Refer to Table 12-3. Suppose That the Firm Pays
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Table 12-3 Refer to Table 12-3. Suppose That the Firm Pays

Question 164

Question 164

Multiple Choice

Table 12-3
Table 12-3   Refer to Table 12-3. Suppose that the firm pays its workers $55 per day. Each unit of output sells for $12. How many days of labor should the firm hire? A)  3 B)  4 C)  5 D)  6 Refer to Table 12-3. Suppose that the firm pays its workers $55 per day. Each unit of output sells for $12. How many days of labor should the firm hire?


A) 3
B) 4
C) 5
D) 6

Correct Answer:

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