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-The Table Above Gives Information About the Labor Market in Lantis

Question 150

Multiple Choice

-The table above gives information about the labor market in Lantis, a community in which the labor market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labor employed is ________ hours per day. A) $5; 600 B) $25; 200 C) $15; 400 D) $25; 600
-The table above gives information about the labor market in Lantis, a community in which the labor market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labor employed is ________ hours per day.


A) $5; 600
B) $25; 200
C) $15; 400
D) $25; 600

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