Consider the labor market depicted in the above figure. The ...

[cmoore54]

Consider the labor market depicted in the above figure. The competitive equilibrium would be for workers to be paid an hourly wage equal to
 
  A) 10.
  B) 15.
  C) 20.
  D) None of the above answers is correct.

Question 2

If the ATC curve has a positive slope, then the MC curve must be
 
  A) horizontal.
  B) vertical.
  C) above the ATC curve.
  D) below the ATC curve.

[akemokai]

Answer to Question 1

B

Answer to Question 2

C

[cmoore54]

Thanks for the timely response, appreciate it

[sarah_brady415]

TYSM