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Author Question: The diagram below shows the supply and demand for labour in a competitive labour market.FIGURE ... (Read 91 times)

jlbond23

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Question 1

The diagram below shows the supply and demand for labour in a competitive labour market.



FIGURE 14-6

Refer to Figure 14-6. If this labour market were perfectly competitive, the predicted wage rate would be


◦ $15.
◦ $35.
◦ $25.
◦ $30.
◦ $20.

Question 2

The diagram below shows the supply and demand for labour in a competitive labour market.



FIGURE 14-6

Refer to Figure 14-6. If this labour market were perfectly competitive, the predicted employment level would be


◦ 140.
◦ 210.
◦ 280.
◦ 350.
◦ 420.


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Marked as best answer by jlbond23 on Oct 12, 2022

saly

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jlbond23

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


jojobee318

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Reply 3 on: Yesterday
:D TYSM

 

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