Multiple Choice
The figure below shows output of a firm at different number of workers. Payment to workers is the only variable cost of the firm.
-Refer to the figure above.If the price of the output is $5.00 per unit and the wage is $10 per worker,the firm's optimal choice in the short run is to hire ________ workers.
A) 3
B) 4
C) 5
D) 6
Correct Answer:
Verified
Correct Answer:
Verified
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