12. If the firm whose data are depicted to the right acts as a profit maximizer it will choose which of the following wage-labor combinations?
  1. Wage = W2 and Labor = N3
  2. Wage = W1 and Labor = N2
  3. Wage = W3 and Labor = N3
  4. Wage = W3 and Labor = N2
  5. Wage = W2 and Labor = N1

Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved