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The following table shows the number of calculators that can be assembled per week

The following table shows the number of calculators that can be assembled per week by various numbers of workers. If the price per calculator in a perfectly competitive product market is $20, how many workers would the firm employ if the weekly wage rate is $1000?

Quantity of

Number of Calculators

Labor

Per Week

0

0

1

60

2

160

3

240

4

280

5

300

a.

1

b.

2

c.

3

d.

4

Feb 06 2020 View more View Less

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