Refer to the given data. If the market wage rate is $8 and the firm hires its profit-maximizing number of workers, the firm's total wage bill (payment)will be
A)$24.
B)$32.
C)$16.
D)$40.

Question

Refer to the given data. If the market wage rate is $8 and the firm hires its profit-maximizing number of workers, the firm's total wage bill (payment)will be
A)$24. 
B)$32. 
C)$16. 
D)$40.

Quizplus · Accepted Answer

The Answer of  Refer to the given data. If the market wage rate is $8 and the firm hires its profit-maximizing number of workers, the firm's total wage bill (payment)will be
A)$24. 
B)$32. 
C)$16. 
D)$40.

Refer to the Given Data