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Table 18.3.1 -Refer to Table 18.3.1. Table 18.3.1 Gives Information About the About

Question 92

Multiple Choice

   Table 18.3.1 -Refer to Table 18.3.1. Table 18.3.1 gives information about the labour market in Lantis, a community in which the labour market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labour employed is ________ hours per day. A) $25; 600 B) $25; 200 C) $15; 400 D) $5; 200 E) $5; 600
Table 18.3.1
-Refer to Table 18.3.1. Table 18.3.1 gives information about the labour market in Lantis, a community in which the labour market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labour employed is ________ hours per day.


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

Correct Answer:

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