Multiple Choice
Suppose a firm sells a good for a perfectly competitive price of $5. The equilibrium wage rate is $10. The first worker it hires produces five units. Two workers produce a total of nine units. Given this information, the firm will:
A) hire the first worker only.
B) hire both the first and second workers.
C) not hire either worker.
D) hire only the second worker.
Correct Answer:
Verified
Correct Answer:
Verified
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