Refer to the table below, which describes employment and production of a firm. If the wage paid to all units of labor is $$\(\$ 20\)$$, how many units of labor are employed?
A.
1
B.
2
C.
3
D.
4
E.
5
Exam No： AP Micro Practice Test 4 Year：2024 Question No：50
Answer:
C
Knowledge points:
3.5 Profit Maximization
5.2 Changes in Factor Demand and Factor Supply
5.3 Profit-Maximizing Behavior in Perfectly Competitive Factor Markets
Solution:
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