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Figure 18-3 -Refer to Figure 18-3.When the Relevant Labor Supply Curve Is

Question 169

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Figure 18-3
Figure 18-3 -Refer to Figure 18-3.When the relevant labor supply curve is S₁ and the labor market is in equilibrium, A) the wage is W₁. B) the opportunity cost of leisure to workers is W₁. C) the value of the marginal product of labor to firms is W₁. D) All of the above are correct.
-Refer to Figure 18-3.When the relevant labor supply curve is S₁ and the labor market is in equilibrium,


A) the wage is W₁.
B) the opportunity cost of leisure to workers is W₁.
C) the value of the marginal product of labor to firms is W₁.
D) All of the above are correct.

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