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    Principles of Microeconomics
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    Exam 15: Wage Rates in Competitive Labor Markets
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    -In Exhibit O-11, What Is the Wage Rate That the Firm
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-In Exhibit O-11, What Is the Wage Rate That the Firm

Question 134

Question 134

Multiple Choice

  -In Exhibit O-11, what is the wage rate that the firm ends up paying? A)  $1 B)  $1.50 C)  $0.85 D)  0 E)  $0.70
-In Exhibit O-11, what is the wage rate that the firm ends up paying?


A) $1
B) $1.50
C) $0.85
D) 0
E) $0.70

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