Refer to the Information Provided in Figure 19

question 96

Multiple Choice

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Figure 19.1
-Refer to Figure 19.1. Prior to the imposition of a payroll tax, this labor market was in equilibrium at a wage of ________ and employment of ________ workers.

• A) $5.00; 500
• B) $7.00; 800
• C) $10.00; 700
• D) $12.00; 650

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Definitions:

Logarithm

The degree to which a base, typically 10 or e, must be raised to yield a certain number.

Properties

The characteristics, attributes or qualities that an object, substance, or mathematical entity possesses.

Logarithms

The exponents to which a fixed base must be raised to produce a given number.

Expand

In mathematics, expanding refers to the process of simplifying an expression or equation by multiplying out brackets and combining like terms.