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Refer to the Information Provided in Figure 28

Question 249

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Refer to the information provided in Figure 28.2 below to answer the question(s) that follow. Refer to the information provided in Figure 28.2 below to answer the question(s) that follow. Figure 28.2 -Refer to Figure 28.2. If this firm pays the efficient wage of $11 A) the firm's demand for labor will increase until $11 is also the equilibrium wage. B) the supply of labor will decrease until $11 is also the equilibrium wage. C) there will be an excess supply of labor of 2,000. D) there will be an excess supply of labor of 3,000. Figure 28.2
-Refer to Figure 28.2. If this firm pays the efficient wage of $11


A) the firm's demand for labor will increase until $11 is also the equilibrium wage.
B) the supply of labor will decrease until $11 is also the equilibrium wage.
C) there will be an excess supply of labor of 2,000.
D) there will be an excess supply of labor of 3,000.

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