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    Microeconomics Study Set 8
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    Exam 12: The Markets for Labour and Other Factors of Production
  5. Question
    Table 12.1 -Refer to Table 12.1.Suppose the Output Price Is $3.If the Is
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Table 12.1 -Refer to Table 12.1.Suppose the Output Price Is $3.If the Is

Question 6

Question 6

Multiple Choice

Table 12.1 Table 12.1   -Refer to Table 12.1.Suppose the output price is $3.If the wage rate is $90, the profit-maximising quantity of labour that the firm should hire is A) 7 units B) 5 units C) 4 units D) 3 units
-Refer to Table 12.1.Suppose the output price is $3.If the wage rate is $90, the profit-maximising quantity of labour that the firm should hire is


A) 7 units
B) 5 units
C) 4 units
D) 3 units

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