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Consider Labour That Is Hired for $18 Per Hour

Question 33

Multiple Choice

Consider labour that is hired for $18 per hour.If the last hour of labour hired produces 8 units of output which sells for $10 per unit,that labour-hour adds ________ to the firm's profit and so ________ labour should be hired.


A) $80; more
B) -$80; less
C) $62; less
D) $62; more
E) $0; no

Correct Answer:

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