Solved

Exhibit 13-2 -Refer to Exhibit 13-2. If the Wage Per Day Is

Question 75

Multiple Choice

Exhibit 13-2 Exhibit 13-2 -Refer to Exhibit 13-2. If the wage per day is $55 and the firm is employing 6 units of labor, A) it is uncertain what the firm should do given the information available. B) the firm should increase its hiring of labor. C) the firm should decrease the amount of labor it hires. D) the firm is profit-maximizing. E) the firm is earning negative profits.
-Refer to Exhibit 13-2. If the wage per day is $55 and the firm is employing 6 units of labor,

A) it is uncertain what the firm should do given the information available.
B) the firm should increase its hiring of labor.
C) the firm should decrease the amount of labor it hires.
D) the firm is profit-maximizing.
E) the firm is earning negative profits.

Correct Answer: