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Figure 4.4: Labor Market

Question 101

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Figure 4.4: Labor Market Figure 4.4: Labor Market -In Figure 4.4, MPL represents the labor ________, represents the labor ________, and the intersection of the two yields the ________. A) supply; demand; equilibrium wage B) demand; supply; equilibrium wage C) supply; demand; equilibrium rental rate of capital D) demand; supply; amount of capital hired E) None of these answers is correct.
-In Figure 4.4, MPL represents the labor ________, Figure 4.4: Labor Market -In Figure 4.4, MPL represents the labor ________, represents the labor ________, and the intersection of the two yields the ________. A) supply; demand; equilibrium wage B) demand; supply; equilibrium wage C) supply; demand; equilibrium rental rate of capital D) demand; supply; amount of capital hired E) None of these answers is correct. represents the labor ________, and the intersection of the two yields the ________.


A) supply; demand; equilibrium wage
B) demand; supply; equilibrium wage
C) supply; demand; equilibrium rental rate of capital
D) demand; supply; amount of capital hired
E) None of these answers is correct.

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