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Author Question: The diagram below shows the supply and demand for labour in a hypothetical town in northern British ... (Read 73 times)

swande

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The diagram below shows the supply and demand for labour in a hypothetical town in northern British Columbia, with only one employer, a logging company.



FIGURE 14-4

Refer to Figure 14-4. The wage paid by this monopsonistic firm will be ________ and employment will be ________.


◦ $35 per hour; 750 units of labour
◦ $25 per hour; 750 units of labour
◦ below $25 per hour; below 750 units of labour
◦ between $25 and $35 per hour; between 750 and 1000 units of labour
◦ $30 per hour; 1000 units of labour


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Marked as best answer by swande on Oct 12, 2022

DevinBrifm

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swande

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Reply 2 on: Oct 12, 2022
Excellent


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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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