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Figure 18-4 -Refer to Figure 18-4.When the Relevant Labor Demand Curve Is

Question 188

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Figure 18-4
Figure 18-4 -Refer to Figure 18-4.When the relevant labor demand curve is D₁ and the labor market is in equilibrium, A) the value of the marginal product of labor to firms is less than W₁. B) the opportunity cost of leisure to workers is greater than W₁. C) the wage is W₁. D) All of the above are correct.
-Refer to Figure 18-4.When the relevant labor demand curve is D₁ and the labor market is in equilibrium,


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

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