Multiple Choice
Use the figure below to answer the following questions. Figure 17.3.1
-Refer to Figure 17.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.If this labour market is competitive,the wage rate is
A) $12.50 an hour.
B) $11 an hour.
C) $12 an hour.
D) $13 an hour.
E) greater than $13 an hour.
Correct Answer:

Verified
Correct Answer:
Verified
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