The following table shows data for a perfectly competitive firm. The first column shows the number of workers employed in production, the second column shows the total product of the firm, and the third column shows its product price. If the firm wants to hire nine workers, then the wage rate is _____.
Table 11.3

A)$4
B)$14
C)$28
D)$198
E)$396

Question

The following table shows data for a perfectly competitive firm. The first column shows the number of workers employed in production, the second column shows the total product of the firm, and the third column shows its product price. If the firm wants to hire nine workers, then the wage rate is _____. ​
Table 11.3
​

A)$4 
B)$14 
C)$28 
D)$198 
E)$396

Quizplus · Accepted Answer

The Answer of The following table shows data for a perfectly competitive firm. The first column shows the number of workers employed in production, the second column shows the total product of the firm, and the third column shows its product price. If the firm wants to hire nine workers, then the wage rate is _____. ​
Table 11.3
​

A)$4 
B)$14 
C)$28 
D)$198 
E)$396

The Following Table Shows Data for a Perfectly Competitive Firm