If the price of output is $1 per unit and we observe the firm hiring four workers, if the firm is maximizing profit, the wage rate must be between and . A) $35; $40 B) $30; $35 C) $45; $60 D) $80; $90

B. $30; $35

Explanation:

The sole purpose of business is to make profit. When a production company makes products for sale, they try to reduce the cost of production by source cheap or substantial power supply, total usage of the raw materials and the employing cheap labour, both skilled and unskilled. If the price of a company's output after production is $1, they check the profit that would be made in a bash of products, extracting the cost which includes the worker's wages.

They pick the minimum possible value for payment that is favorable to them and is considered fair by the employees.

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)