The First 3 Columns of the Following Table Show Data

question 107

Multiple Choice

The first 3 columns of the following table show data for a representative firm in an industry.The last 3 columns show the market demand and supply for the type of labour employed by this firm.

-Refer to the information above to answer this question.What is the equilibrium wage rate if the firm maximizes its profits?

• A)$5.
• B)$12.
• C)$18.
• D)$20.
• E)Cannot be determined.

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