if The market price of the good produced at this firm is $3 per unit, what is the maximum hourly wage an employer will be willing to pay to hire the 5th hour of labor?

Question 16 3 pts Consider this table relating hours of labor to total output. If the market price of the good produced at this firm is $3 per unit, what is the maximum hourly wage an employer will be willing to pay to hire the 5th hour of labor? # of Hours of 1 2 3 Labor 4 5 6 Total Output 100 190 270 340 400 450 490 O $60 O $1200 O $180 O $3 Previous Next No new data to save. Last checked at 9:32am Submit Quiz - @ N 4 5 6 Q W E R T Y U O A S D G H J K Z X C V B N M