Using the production information contained in Table 8.1 and assuming that the price of strawberries is $3

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Using the production information contained in Table 8.1 and assuming that the price of strawberries is $3 per box, how many workers would be hired at a wage of
(a) $12 per hour, and
(b) $6 per hour?
Table 8.1
Total Total Marginal Revenue Number Strawberry Output (Boxes x Strawberrles = Revenue (per Hour) Strawberry Price of of
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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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