Use the Figure Below to Answer the Following Questions

question 47

Multiple Choice

Use the figure below to answer the following questions.

Figure 18.3.1
-Refer to Figure 18.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.Suppose the government passes a minimum wage law that prohibits anyone from hiring labour at less than $6.50 per hour.The new marginal cost of labour (MCL) for the monopsonist

• A)is not affected.
• B)equals $6.50 only from zero to 50 hours of labour.
• C)equals $6.50 only from zero to 75 hours of labour.
• D)equals $6.50 only from zero to 100 hours of labour.
• E)none of the above.

Interpret the structure of process paragraphs.

Learn how to prepare and execute a plan.

Grasp the concept of moral and personal development stages.

Understand emergency procedures and their step-by-step execution.

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