21. Again consider the firm whose data are shown in the table to the right. Suppose it must pay its workers $20 per hour and further suppose that fixed costs are zero. If this firm employs exactly 7 workers the output price must fall between:
  1. at least $2.40 but not quite $2.50
  2. at least $4.00 but not quite $5.00
  3. at least $5.00 but not quite $6.67
  4. at least $6.67 but not quite $10.00
  5. at least $20 but not quite $22
Workers Output
1 10
2 22
3 31
4 40
5 47
6 52
7 56
8 59
9 61
10 62

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