-The Above Table Has the Total Product Schedule for Joe's

question 241

Multiple Choice

-The above table has the total product schedule for Joe's Barber Shop. Joe charges $6 per haircut. If the wage rate falls from $24 per worker to $12 per worker, the quantity of labor hired ________ and the new number of workers employed is ________.

• A) increases; 2
• B) decreases; 2
• C) increases; 5
• D) increase; 3

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