The Following Table Provides Information for Harry's Hammers, a Firm

question 93

Multiple Choice

The following table provides information for Harry's Hammers, a firm that hires labor competitively and sells hammers for $50 each in a competitive price-taker market.
If the market wage rate is $225 per week, how many units of labor would a profit-maximizing firm employ?

• A) 4
• B) 5
• C) 6
• D) 7

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