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Consider the Labor Market Shown Here

Question 157

Multiple Choice

Consider the labor market shown here. If an efficiency wage of $45 is instituted, the number of workers who are actually hired is:
Consider the labor market shown here. If an efficiency wage of $45 is instituted, the number of workers who are actually hired is: A) 15,000. B) 5,000. C) 10,000. D) 25,000.


A) 15,000.
B) 5,000.
C) 10,000.
D) 25,000.

Correct Answer:

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