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Author Question: In the above figure suppose a minimum wage of 8 per hour is imposed. As a result, the quantity of ... (Read 66 times)

Marty

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on: Jun 29, 2018
In the above figure suppose a minimum wage of 8 per hour is imposed. As a result, the quantity of labor supplied is ________ hours and the quantity of labor demanded is ________ hours.
 
  A) 3,000; 4,000
  B) 4,000; 4,000
  C) 2,000; 4,000
  D) 4,000; 2,000

Question 2

In the above table, the marginal product of the second worker is
 
  A) 1.
  B) 2.
  C) 3.
  D) 4.


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brittanywood

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

D

Answer to Question 2

D


Marty

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Reply 2 on: Jun 29, 2018
Excellent

upturnedfurball

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Reply 3 on: Yesterday
Wow, this really help

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