If a Worker Can Produce 20 Units of Output Which

question 59

Multiple Choice

If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to hire this worker?

• A)$80
• B)$80 minus the firm's profit markup
• C)It depends on what the going wage rate is in the labor market.
• D)There is insufficient information to answer the question.

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