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
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A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
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