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Table 10.1 -Refer to Table 10.1. If the Price of Output Is

Question 38

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Table 10.1 -Refer to Table 10.1. If the price of output is $2 per unit and we observe the firm hiring four workers, if the firm is maximizing profit, the wage rate must be between ________ and ________. A) $40; $50 B) $50; $90 C) $80; $100 D) $320; $500 Table 10.1
-Refer to Table 10.1. If the price of output is $2 per unit and we observe the firm hiring four workers, if the firm is maximizing profit, the wage rate must be between ________ and ________.


A) $40; $50
B) $50; $90
C) $80; $100
D) $320; $500

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