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Use the Figure Below to Answer the Following Questions

Question 61

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 17.3.3 -Refer to Figure 17.3.3.Suppose the government passes a minimum wage law that prohibits anyone from hiring labour at less than $16 per hour.The monopsonist will hire A) 250 hours of labour. B) 300 hours of labour. C) 350 hours of labour. D) 400 hours of labour. E) 450 hours of labour. Figure 17.3.3
-Refer to Figure 17.3.3.Suppose the government passes a minimum wage law that prohibits anyone from hiring labour at less than $16 per hour.The monopsonist will hire


A) 250 hours of labour.
B) 300 hours of labour.
C) 350 hours of labour.
D) 400 hours of labour.
E) 450 hours of labour.

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