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 it is optimal for the firm to hire 2 workers in the short run,then the wage per worker must be ________.
A) five times the price of output per unit
B) three times the price of output per unit
C) twice the price of output per unit
D) equal to the price of output per unit
Correct Answer:
Verified
Correct Answer:
Verified
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