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Question 5 0/12pts Suppose a competitive ï¬Ârm can sell its output for $9 per unit. The following table gives the ï¬Ârm’sshort run production function. Labor Output0 0 l 8 2 20 3 3 5 4 44 5 5 1 6 54 In the table below, you will determine several points on the ï¬Ârm’s demand curve for labor. To do this,you must determine how many workers the ï¬Ârm should hire for different values of the wage rate inorder to maximize profit. Complete the table below: Wage Rateper Worker Quantity Demanded of Workers $25 $60 $75 NH $90
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