-The Table Above Shows the Demand for Labour and Supply

question 44

Multiple Choice

-The table above shows the demand for labour and supply of labour schedules for low- skilled labour. If the labour market is competitive, what is the wage rate of low- skilled labour and what is the quantity of low- skilled labour employed?

• A) $4 an hour; 55 hours a day
• B) $6 an hour; 60 hours a day
• C) $6 an hour; 65 hours a day
• D) $4 an hour; 70 hours a day

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