In the above figure, a minimum wage of ________ would result in ...

[Lisaclaire]

In the above figure, a minimum wage of ________ would result in employment of ________.
 
  A) W2; L1
  B) W2; L2
  C) W1; L1
  D) W1; L2

Question 2

The marginal utility of a third skirt is
 
  A) three times the average utility of the three skirts.
  B) three skirts times the price of a skirt.
  C) the total utility of three skirts divided by three.
  D) the change in total utility from the third skirt.

[adf223]

Answer to Question 1

D

Answer to Question 2

D

[Lisaclaire]

Thanks for the timely response, appreciate it

[juliaf]

Excellent