Table 17-1 -Refer to Table 17-1.Suppose the Output Price Is $3.If the Price

question 165

Multiple Choice

Table 17-1

-Refer to Table 17-1.Suppose the output price is $3.If the firm represented in the table is maximizing its profit by hiring six workers, what is the wage rate?

• A)$120
• B)$65
• C)$40
• D)There is insufficient information to answer the question.

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