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:
at least $2.40 but not quite $2.50
at least $4.00 but not quite $5.00
at least $5.00 but not quite $6.67
at least $6.67 but not quite $10.00
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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