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When a competitive firm hired 5 workers, its profits were $500. When it hired 6 workers, its output went from 25 to 30 units. Each
When a competitive firm hired 5 workers, its profits were $500. When it hired 6 workers, its output went from 25 to 30 units. Each unit of output sold for $20 while the wage of each worker was $120. What is the firm's new profit level at employment level 6 workers?
Group of answer choices
$480
$400
$520
$600
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