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Use the Following Figure to Answer the Question : Figure

Question 89

Multiple Choice

Use the following figure to answer the question : Figure 17-2 : shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor.
Use the following figure to answer the question : Figure 17-2 : shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor. - Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____. A) L<sub>1</sub> and W<sub>1</sub> B) L<sub>1</sub> and W<sub>2</sub> C) L<sub>2</sub> and W<sub>1</sub> D) L<sub>2</sub> and W<sub>2</sub>
- Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____.


A) L1 and W1
B) L1 and W2
C) L2 and W1
D) L2 and W2

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