Business, 14.12.2019 04:31 samiyahwhite6683
Profit-maximizing firm crunchy chips, inc. sets out to hire 8 workers in the imperfectly competitive snack market. given that crunchy chips, inc. is a profit-maxizing firm operating in an imperfectly competitive market, what is the market wage rate they will pay each worker? #
col1 workers (l) 2 4 6 8
col2 mpl 8 6 4 2
col3 marginal revenue $12 $9 $6 $3
col4 mrpl $96 $54 $24 $6
Answers: 3
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Question 20 if orange juice prices double next year, there will be a rightward shift in the demand for grapefruit juice. rightward shift in the supply of grapefruit juice. leftward shift in the supply of grapefruit juice. leftward shift in the demand for grapefruit juice.
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Profit-maximizing firm crunchy chips, inc. sets out to hire 8 workers in the imperfectly competitive...
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