Use the following graph,which depicts Mighty Max's labor demand for his duffel bag business,to answer the following questions.The labor demand curve shown is calculated based on a duffel bag price of $10.

-If 80 workers are hired,you know that the wage rate must be
A) $25.
B) $20.
C) $15.
D) $10.
E) $5.

Question

Use the following graph,which depicts Mighty Max's labor demand for his duffel bag business,to answer the following questions.The labor demand curve shown is calculated based on a duffel bag price of $10.
 
-If 80 workers are hired,you know that the wage rate must be
A) $25. 
B) $20. 
C) $15. 
D) $10. 
E) $5.

Quizplus · Accepted Answer

The Answer is C

Use the Following Graph,which Depicts Mighty Max's Labor Demand for His