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Table 10.1 -Refer to Table 10.1. Suppose That This Year the Wage

Question 24

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Table 10.1 -Refer to Table 10.1. Suppose that this year the wage rate is $30 and the price of the good is $1. If the firm is maximizing profit ________ workers will be hired. Next year the wage rate will increase to $40, but the price of the good will remain at $1. Then ________ workers will be hired. A) 6; 5 B) 6; 6 C) 7; 6 D) 5; 5 Table 10.1
-Refer to Table 10.1. Suppose that this year the wage rate is $30 and the price of the good is $1. If the firm is maximizing profit ________ workers will be hired. Next year the wage rate will increase to $40, but the price of the good will remain at $1. Then ________ workers will be hired.


A) 6; 5
B) 6; 6
C) 7; 6
D) 5; 5

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