Figure 8-5

-In Figure 8-5 above,the wage rate attached to SAS₁ is
A)1.10.
B)between 1.05 and 1.10.
C)1.05.
D)1.00.

Name: Figure 8-5 -In Figure 8-5 above,the wage rate attached to SAS₁ is A)1.10. B)between 1.05 and 1.10. C)1.05. D)1.00.
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Question

Figure 8-5
 
-In Figure 8-5 above,the wage rate attached to SAS₁ is
A)1.10. 
B)between 1.05 and 1.10. 
C)1.05. 
D)1.00.

Quizplus · Accepted Answer

In the figure, SAS₁ intersects the labor demand curve at a quantity of 20, indicating that the wage rate corresponding to that quantity is 1.05. Therefore, the wage rate attached to SAS₁ is 1.05.

Figure 8-5 -In Figure 8-5 Above,the Wage Rate Attached to SAS₁ Is