If 9 Units of Labor Will Be Supplied If the Wage

question 7

Multiple Choice

If 9 units of labor will be supplied if the wage rate is $12 and 10 units of labor will be supplied if the wage rate is $14, then the marginal factor cost for the tenth unit of labor is

• A)less than $12.
• B)$12.
• C)between $12 and $14.
• D)more than $14.

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The power of the state to expropriate private property for public use, with compensation for the property owner.

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