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The Following Table Provides Information for Harry's Hammers, a Firm

Question 174

Multiple Choice

The following table provides information for Harry's Hammers, a firm that hires labor competitively and sells hammers for $50 each in a competitive price-taker market. The following table provides information for Harry's Hammers, a firm that hires labor competitively and sells hammers for $50 each in a competitive price-taker market. If the market wage rate is $225 per week, how many units of labor would a profit-maximizing firm employ? A) 4 B) 5 C) 6 D) 7
If the market wage rate is $225 per week, how many units of labor would a profit-maximizing firm employ?


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

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