The Following Figure Depicts the Labor Markets of Two Different

question 167

Multiple Choice

The following figure depicts the labor markets of two different firms.

-Refer to the figure above.If firm B wants to hire 6 employees and pay a wage of $6,what is the market price of its output?

• A) $ 0.5
• B) $ 1
• C) $ 2
• D) $ 3

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Definitions:

React

To react means to respond to a stimulus or to undergo a chemical change.

Electronegativity

A measure of an atom's ability to attract and hold electrons in a chemical bond.

Ionic Bond

A type of chemical bond where one atom transfers electrons to another atom, resulting in oppositely charged ions that attract each other.

Covalent Bond

A type of chemical bond involving the sharing of electron pairs between atoms, leading to the formation of stable molecules.