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If a Worker Can Produce 20 Units of Output Which

Question 30

Multiple Choice

If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to hire this worker?


A) $80
B) $80 minus the firm's profit markup
C) It depends on what the going wage rate is in the labor market.
D) There is insufficient information to answer the question.

Correct Answer:

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