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Use the Information in the Table Below to Answer the Following

Question 8

Multiple Choice

Use the information in the table below to answer the following question(s) . The firm hires labor competitively and sells its product in a competitive price-taker market.
Table 12-6
Use the information in the table below to answer the following question(s) . The firm hires labor competitively and sells its product in a competitive price-taker market. Table 12-6 Refer to Table 12-6. If the market wage rate is $25 per day, how many workers should the firm hire if it wants to maximize profits? A) 4 B) 5 C) 6 D) 7
Refer to Table 12-6. If the market wage rate is $25 per day, how many workers should the firm hire if it wants to maximize profits?


A) 4
B) 5
C) 6
D) 7

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