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-City-Mart Is the Only Employer of Sales Clerks in Panburg

Question 225

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-City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply curve faced by City-Mart, VMP is City-Mart's value of marginal product curve, and MCL is its marginal cost of labor curve. City-Mart sales clerks' wage is ________ it would be if the labor market were competitive. A) $3 per hour higher than B) $3 per hour lower than C) $6 per hour lower than D) the same as
-City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply curve faced by City-Mart, VMP is City-Mart's value of marginal product curve, and MCL is its marginal cost of labor curve. City-Mart sales clerks' wage is ________ it would be if the labor market were competitive.


A) $3 per hour higher than
B) $3 per hour lower than
C) $6 per hour lower than
D) the same as

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