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  3. Study Set
    Managerial Economics Study Set 1
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    Exam 16: Individual Performance Evaluation
  5. Question
    If Output Q = 8
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If Output Q = 8

Question 1

Question 1

Multiple Choice

If output Q = 8.5e (e = units of effort) and Wage,W = $6.70 + 0.25Q,then 20 units of effort are worth ______ to the firm.


A) $170.00
B) $0.425
C) $49.20
D) $35.80

Correct Answer:

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