Which of the equilibrium points on the leisure-income graph below has a wage rate of $4 per hour? 
Definitions:
Firms
Businesses or companies engaged in commercial, industrial, or professional activities either for profit or nonprofit.
Compensation Consultants
Specialists who advise organizations on compensating employees, including wage levels, bonus plans, benefits, and salary structures.
Compensation Systems
Frameworks within an organization that establish how employees are paid, including salary structures, benefits, and incentive plans.
Organizations
Entities or groups of people with a collective goal, structured and managed to meet a need or pursue shared goals.
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