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A bakery in a perfectly competitive market is trying to figure out if they should hire another worker. The wage rate for a baker is
A bakery in a perfectly competitive market is trying to figure out if they should hire another worker. The wage rate for a baker is $450 per month. The owner of the bakery knows that the average worker can bake 5,000 cookies per month, but believes the next worker will only bake 3,000 cookies per month. The bakery should hire another worker if: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a.the price of cookies is $0.15 or more. b.the new worker can bake 5,000 cookies per month. c.the price of cookies is $0.10 or more. d.the price of cookies is $0.05 or more
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