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Use the Figure Below to Answer the Following Questions

Question 41

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 18.3.1 -Refer to Figure 18.3.1. This figure shows the value of marginal product of labour curve, the labour supply curve, and the marginal cost of labour curve. If this labour market is competitive, the wage rate is A) $3 an hour. B) $5 an hour. C) $6 an hour. D) $7 an hour. E) greater than $7 an hour.
Figure 18.3.1
-Refer to Figure 18.3.1. This figure shows the value of marginal product of labour curve, the labour supply curve, and the marginal cost of labour curve. If this labour market is competitive, the wage rate is


A) $3 an hour.
B) $5 an hour.
C) $6 an hour.
D) $7 an hour.
E) greater than $7 an hour.

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