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Author Question: The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If ... (Read 359 times)

javeds

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on: Jun 29, 2018
The table above shows the demand for labor and supply of labor schedules for low-skilled labor. If the labor market is competitive, what is the wage rate of low-skilled labor and what is the quantity of low-skilled labor employed?
 
  A) 6 an hour; 60 hours a day
  B) 6 an hour; 65 hours a day
  C) 4 an hour; 70 hours a day
  D) 4 an hour; 55 hours a day

Question 2

If a voter is ignorant of some of the issues that affect public policy, then the voter is definitely behaving irrationally.
 
  Indicate whether the statement is true or false


apple

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


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