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

question 80

Multiple Choice

Table 17-1

-Refer to Table 17-1.Suppose the output price is $3.If the wage rate is $90, what is the profit-maximizing quantity of labor that the firm should hire?

• A)7 units
• B)5 units
• C)4 units
• D)3 units

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