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Please use the following table to answer the questions that follow. You will nee

ID: 1117548 • Letter: P

Question

Please use the following table to answer the questions that follow. You will need to scroll down to see al questions Marginal Product Price (S) Total Revenue Per Marginal Revenue Product Per Hour Workers Total Product Output) Hour ($) 0 30 54 78 96 108 30 24 24 18 12 2 13 16 18 How many workers would the firm hire if it were required to pay a wage of $14/hour If the Federal minimum wage were suddenly increased to $20 how many workers would the firm then employ? Number Number Workers Workers Which of the following is not a related consideration about how many workers to hire? O Previous° Check Answer O Next Exit

Explanation / Answer