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(Figure: Labor in a Competitive Market A) in the Figure

Question 16

Multiple Choice

(Figure: Labor in a Competitive Market A) In the figure, if the firm hires three workers, the price of labor at equilibrium is:
(Figure: Labor in a Competitive Market A) In the figure, if the firm hires three workers, the price of labor at equilibrium is: A) $150. B) $250. C) $350. D) $450.


A) $150.
B) $250.
C) $350.
D) $450.

Correct Answer:

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