In the above figure, without a minimum wage, the equilibrium ...

[Tirant22]

In the above figure, without a minimum wage, the equilibrium quantity of labor employed ________ million hours, and the equilibrium wage rate is ________ per hour.
 
  A) 100; 2
  B) 200; 4
  C) 300; 6
  D) 400; 8

Question 2

In the above table, the marginal product is greatest when the
 
  A) first worker is hired.
  B) second worker is hired.
  C) third worker is hired.
  D) fourth worker is hired.

[taylorsonier]

Answer to Question 1

B

Answer to Question 2

B