How Low Would the Wage Rate Have to Fall Before

question 12

Multiple Choice

How low would the wage rate have to fall before the firm in Exhibit 11-9 would hire nine workers?

• A) $198
• B) $4
• C) $396
• D) $28
• E) The firm would have to be paid to hire nine workers.

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Definitions:

Interrogatories

A formal set of written questions that one party to a lawsuit asks the opposing party as part of the pretrial discovery process in order to clarify matters of evidence and help determine in advance what facts will be presented at any trial in the case. The questions must be answered in writing under oath or under penalty of perjury within a specified time. Also called requests for further information.

Motions

A procedural step used in legal proceedings where a request is made to the court to make a decision on a specific matter.

Depositions

Testimonies given under oath by a witness or party to a lawsuit, recorded outside of court for later use in court proceedings.

Documents

Written, drawn, presented, or memorialized representations of thoughts.