The Table Below Shows a Competitive Firm's Short-Run Production Function

question 42

Multiple Choice

The table below shows a competitive firm's short-run production function.Labor is the firm's only variable input,and market price for the firm's product is $2 per unit. If the wage rate is $200,how many units of labor will the firm employ?

• A)3
• B)4
• C)5
• D)6
• E)0,the firm shuts down

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