Figure 45.2
-In Figure 45.2, at the one-employer "company town solution", the wage paid to workers will be

Name: Figure 45.2 -In Figure 45.2, at the one-employer "company town solution", the wage paid to workers will be
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Question

Quizplus · Accepted Answer

At the one-employer "company town solution", the wage paid to workers will be at the intersection of the labor supply curve S1U1B1 and the marginal revenue product of labor curve MRPL. This point is represented by WS1U1B12S1U1B0. Therefore, the best choice is C.

Figure 45.2 -In Figure 45.2, at the One-Employer "Company Town Solution", the Solution