Suppose there are 100 identical firms producing package delivery services. One of the firms finds that when it has to pay a wage rate of $7, it hires 20 delivery people. The firm charges an average price of $10 to deliver a package. From this information, we know that the package delivery industry is hiring a total of:
A) 100 workers.
B) 200 workers.
C) 700 workers.
D) 2,000 workers.
E) 10,000 workers.
Correct Answer:
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