Question
MULTIPLE CHOICE. DON'T NEED TO SHOW WORK. Use the following information to answer the next two questions. In a competitive labor market, demand for and
MULTIPLE CHOICE. DON'T NEED TO SHOW WORK.
Use the following information to answer the next two questions. In a competitive labor market, demand for and supply of workers is given by the following equations:
Qd = 10,000 - 95W
Qs= 2000 +2000W
17. The equilibrium wage and quantity of laborers is:
a.$4.44 and 10,436
b.$4.00 and 9600
c.$4.50 and 10,550
d.none of the above
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
