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Labour Output (workers) (units) 0. 0 1. 5 2 11 3 18 4 26 5 32 6 37 7. 41 8 44 9. 46 10
Labour Output
(workers) (units)
0. 0
1. 5
2 11
3 18
4 26
5 32
6 37
7. 41
8 44
9. 46
10 47
77) Refer to Table 18.2.1. If the firm can sell all the output it wants for the price of $4 a unit, what is the profit-maximizing number of workers if the wage rate is $12?
A) 6 B) zero C) 10 D) 4 E)
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