-The Graph Above Shows the Labour Market for Fast-Food Workers

question 43

Multiple Choice

-The graph above shows the labour market for fast-food workers in Canberra. If the government sets a minimum wage of $7 an hour, then the labour market is ________, and marginal benefit ________ marginal cost.

• A) efficient; equals
• B) inefficient; is greater than
• C) inefficient; cannot be compared to
• D) inefficient; is less than
• E) inefficient; equals

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