Question: ` Use the table below. Assume all figures in the table pertaining to labor productivity are per-hour. If the wage is $25 per hour, this

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Use the table below. Assume all figures in the table pertaining to labor productivity are per-hour.

  1. If the wage is $25 per hour, this firm should hire
  2. If the wage is $50 per hour, this firm should hire
  3. At minimum, how high would the wage have to be for this firm to only hire 2 workers?
    ` Use the table below. Assume all figures in the table pertaining

Units of Quantity Product Marginal Revenue Labor of Output Price Product 0 0 $17 10 $16 (A) 2 25 $15 (B) 32 $14 (C) 4 38 $13 (D) 5 43 $12 (E)

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