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.
-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
Correct Answer:
Verified
Correct Answer:
Verified
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