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-The Table Above Shows the Demand for Labor and Supply

Question 168

Multiple Choice

-The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If the labor market is competitive, what is the wage rate of low-skilled labor and what is the quantity of low-skilled labor employed? A) $6 an hour; 60 hours a day B) $6 an hour; 65 hours a day C) $4 an hour; 70 hours a day D) $4 an hour; 55 hours a day
-The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If the labor market is competitive, what is the wage rate of low-skilled labor and what is the quantity of low-skilled labor employed?


A) $6 an hour; 60 hours a day
B) $6 an hour; 65 hours a day
C) $4 an hour; 70 hours a day
D) $4 an hour; 55 hours a day

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