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-Refer to Table 16-1

Question 8

Multiple Choice

-Refer to Table 16-1. Suppose the output price is $3. If the wage rate is $90, what is the profit-maximizing quantity of labor that the firm should hire? A) 7 units B) 5 units C) 4 units D) 3 units
-Refer to Table 16-1. Suppose the output price is $3. If the wage rate is $90, what is the profit-maximizing quantity of labor that the firm should hire?


A) 7 units
B) 5 units
C) 4 units
D) 3 units

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