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-The Table Above Shows the Demand for Labour and Supply

Question 134

Multiple Choice

-The table above shows the demand for labour and supply of labour schedules for low- skilled labour. If the labour market is competitive, what is the wage rate of low- skilled labour and what is the quantity of low- skilled labour employed? A) $4 an hour; 55 hours a day B) $6 an hour; 60 hours a day C) $6 an hour; 65 hours a day D) $4 an hour; 70 hours a day
-The table above shows the demand for labour and supply of labour schedules for low- skilled labour. If the labour market is competitive, what is the wage rate of low- skilled labour and what is the quantity of low- skilled labour employed?


A) $4 an hour; 55 hours a day
B) $6 an hour; 60 hours a day
C) $6 an hour; 65 hours a day
D) $4 an hour; 70 hours a day

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