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The Following Figure Depicts the Production of a Firm

Question 38

Multiple Choice

The following figure depicts the production of a firm.
The following figure depicts the production of a firm. -Refer to the figure above.If the market price of the output is $4 and the firm hires 4 employees,what is the wage rate such that the fourth employee hired brings in profits that exactly equal the marginal cost to the firm? A) $15 B) $30 C) $45 D) $60
-Refer to the figure above.If the market price of the output is $4 and the firm hires 4 employees,what is the wage rate such that the fourth employee hired brings in profits that exactly equal the marginal cost to the firm?


A) $15
B) $30
C) $45
D) $60

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