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-Refer to the Above Table

Question 67

Multiple Choice

-Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired? A) 11 B) 12 C) 13 D) 14
-Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired?


A) 11
B) 12
C) 13
D) 14

Correct Answer:

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