Multiple Choice
If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to hire this worker?
A) $80
B) $80 minus the firm's profit markup
C) It depends on what the going wage rate is in the labour market.
D) There is insufficient information to answer the question.
Correct Answer:

Verified
Correct Answer:
Verified
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