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Question 41

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-Refer to the information above.Assume that the wage rate increases from $14 to $17.The profit-maximizing level of output is now _______ and the firm will earn a _________. A) 40;profit of $13 B) 80;profit of $42 C) 80;loss of $36 D) 120;profit of $39 E) 160;profit of $15
-Refer to the information above.Assume that the wage rate increases from $14 to $17.The profit-maximizing level of output is now _______ and the firm will earn a _________.


A) 40;profit of $13
B) 80;profit of $42
C) 80;loss of $36
D) 120;profit of $39
E) 160;profit of $15

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