The figure below shows output of a firm at different number of workers. Payment to workers is the only variable cost of the firm.
-Refer to the figure above.If the price of the output is $5.00 per unit and the wage is $10 per worker,the firm's optimal choice in the short run is to hire ________ workers.
Definitions:
Breach of Contract
The lapse in fulfilling any term of a contract, whether documented or spoken, lacking a valid legal reason.
Professional Baseball Player
An athlete who plays baseball for remuneration and is often affiliated with a team or league.
Negotiated
The process of discussing and arriving at a mutually acceptable agreement between two or more parties.
Accounting Software
Computer programs designed to manage financial transactions and records, facilitating efficient bookkeeping and financial analysis.
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