Table 18.3.1 -Refer to Table 18.3.1. Table 18.3.1 Gives Information About the About

Multiple Choice

Table 18.3.1
-Refer to Table 18.3.1. Table 18.3.1 gives information about the labour market in Lantis, a community in which the labour market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labour employed is ________ hours per day.

A) $25; 600
B) $25; 200
C) $15; 400
D) $5; 200
E) $5; 600