Multiple Choice
Answer the question on the basis of the following information for Manfred's Shoe Shine Parlor.Assume Manfred hires labor,its only variable input,under purely competitive conditions.Shoe shines are also sold competitively.
Refer to the given data.If the wage rate is $11,how many workers will Manfred hire to maximize profits?
A) 1.
B) 2.
C) 3.
D) 5.
Correct Answer:

Verified
Correct Answer:
Verified
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