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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 2
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 the 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 above.
A) $100 or less per day.
B) more than $100 per day.
C) $5.10 or less per day.
D) none of the above.
Explanation
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Verified
In a perfectly competitive market, the f...
Economics for Today 7th Edition by Irvin Tucker
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