4 frm can he anute o und The total vdlue of the firms pry th

4 frm can he anute o und The total vdlue of the firm\'s pry the Saneworseevery korkar , , a: 64

Solution

Option E. $7

Explanation: The total revenue of the firm when it hires 5 workers is $38. The firm would be willing to pay the workers any wage as long as the total revenue of the firm is greater than or equal to its total wage. Out of the given options, $7 is the maximum wage at which the revenue of the firm ($38) is greater than or equal to its total wage (5*$7 = $35).