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Author Question: Suppose a competitive firm pays a wage of 12 an hour and sells its product at 3 per unit. Assume ... (Read 66 times)

dbose

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on: Jun 29, 2018
Suppose a competitive firm pays a wage of 12 an hour and sells its product at 3 per unit. Assume that labor is the only input. If hiring another worker would increase output by five units per hour, then to maximize profits the firm should
 
  A) hire the additional worker.
  B) lay off some of its workers.
  C) not change the number of workers it currently hires.
  D) There is not enough information to answer the question.

Question 2

Refer to Figure 12-9. At price P1, the firm would produce
 
  A) Q1 units B) Q3 units. C) Q5 units. D) zero units.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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abro1885

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dbose

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Reply #2 on: Jun 29, 2018
Thank you


abro1885

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Reply #3 on: Jun 29, 2018
No problemo


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