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Question

Table 23

Quantity of

Number of

Bracelets

Labor

Per Week

0

0

1

200

2

360

3

480

4

560

5

600


Refer to Table 23. The table shows the number of bracelets that can be assembled per week by various numbers of workers. If the price per bracelet in a perfectly competitive product market is $5, how many workers would the firm employ if the weekly wage rate is $375?

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