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)$16.
B)$24.
C)$32.
D)$48.

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)$16. 
B)$24. 
C)$32. 
D)$48.

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)$16. 
B)$24. 
C)$32. 
D)$48.

Refer to the Given Data