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-If the Labor Market in the Above Figure Is Competitive

Question 231

Multiple Choice

-If the labor market in the above figure is competitive, what is the equilibrium wage and quantity of labor hired? A) $10 and 100 hours B) $10 and 50 hours C) $5 and 100 hours D) $15 and 50 hours
-If the labor market in the above figure is competitive, what is the equilibrium wage and quantity of labor hired?


A) $10 and 100 hours
B) $10 and 50 hours
C) $5 and 100 hours
D) $15 and 50 hours

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