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Author Question: Refer to Table 4-7. Suppose that the quantity of labor supplied decreases by 80,000 at each wage ... (Read 73 times)

anjilletteb

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on: Jun 29, 2018
Refer to Table 4-7. Suppose that the quantity of labor supplied decreases by 80,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
 
  A) W = 8.50; Q = 550,000 B) W = 11.50; Q = 610,000
  C) W = 12.50; Q = 550,000 D) W = 8.50; Q = 630,000

Question 2

The government makes all economic decisions in a mixed economy.
 
  Indicate whether the statement is true or false


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Jmfn03

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


anjilletteb

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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