Refer to Table 10.2. If the price of output is $2 per unit and we observe the firm hiring four workers, if the firm is maximizing profit, the wage rate must be between ________ and ________.

A. $25; $45
B. $30; $35
C. $45; $60
D. $60; $80


Answer: D

Economics

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What will be an ideal response?

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