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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 15
Troll Corporation sells dolls for $10 each in a market that is perfectly competitive. Increasing the number of workers from 100 to 101 would cause output to rise from 500 to 510 dolls per day. Troll should hire the 101st worker only when the wage is
A) $100 or less per day.
B) more than $100 per day.
C) $5.10 or less per day.
D) None of the answers above are correct.
A) $100 or less per day.
B) more than $100 per day.
C) $5.10 or less per day.
D) None of the answers above are correct.
Explanation
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Verified
In a perfectly competitive market, the f...
Economics for Today 9th Edition by Irvin Tucker
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