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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 103 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
Wow, this really help

kswal303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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