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If the Price of Widgets Is $2 and the Real

Question 119

Multiple Choice

If the price of widgets is $2 and the real wage is $20 per hour then the firm must sell 10 widgets to cover the cost of an hour of labour.If the price of widgets falls to $1,how many widgets must the firms sell to cover the cost of an hour of labour?


A) 15
B) 30
C) 40
D) 10
E) 20

Correct Answer:

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