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

Question 103

Question 103

Multiple Choice

(Figure: Labor in a Competitive Market A) In the figure, if the price of labor is $450, the firm will hire:
(Figure: Labor in a Competitive Market A)  In the figure, if the price of labor is $450, the firm will hire:    A)  one worker. B)  two workers. C)  three workers. D)  four workers.


A) one worker.
B) two workers.
C) three workers.
D) four workers.

Correct Answer:

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