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Question 105

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Use the following to answer questions:
Figure: Piece Rates Use the following to answer questions: Figure: Piece Rates -(Figure: Piece Rates) Refer to the figure. A piece rate is offered for every 10 bags of wheat that workers fill. Which of the three piece rates plotted in the figure above has the lowest dollar value to the firm? A) P<sub>1</sub> B) P<sub>2</sub> C) P<sub>3</sub> D) All three piece rates are of equal value.
-(Figure: Piece Rates) Refer to the figure. A piece rate is offered for every 10 bags of wheat that workers fill. Which of the three piece rates plotted in the figure above has the lowest dollar value to the firm?


A) P1
B) P2
C) P3
D) All three piece rates are of equal value.

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