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  3. Study Set
    Economic Principles
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    Exam 17: Labor and Other Resources
  5. Question
    (Figure: Labor in a Competitive Market 0) in the Figure
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(Figure: Labor in a Competitive Market 0) in the Figure

Question 1

Question 1

Multiple Choice

(Figure: Labor in a Competitive Market 0) In the figure, the going price of labor in the competitive labor market is:
(Figure: Labor in a Competitive Market 0)  In the figure, the going price of labor in the competitive labor market is:    A)  $50. B)  $250. C)  $350. D)  $450.


A) $50.
B) $250.
C) $350.
D) $450.

Correct Answer:

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