Multiple Choice
Use the following to answer questions :
Scenario: The Decision to Hire Labour
Assume that both the product market and the labour market are perfectly competitive.The price of this firm's product is $5.The firm's total product with respect to labour is given in the table that follows.
-(Scenario: The Decision to Hire Labour) Use Scenario: The Decision to Hire Labour.If this profit-maximizing firm hires 2 workers,what is a possible equilibrium wage rate in the labour market?
A) $30
B) $5
C) $13
D) $6
Correct Answer:

Verified
Correct Answer:
Verified
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