The Following Questions Refer to the Graph Below

question 59

Multiple Choice

The Following Questions Refer to the graph below.
-Equilibrium wage and quantity in the labor market are

• A)$3 and 8
• B)$5 and 22
• C)$7 and 16
• D)$10 and 8
• E)$10 and 22

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Definitions:

Profit Allocation

The process of distributing a company's earnings among its shareholders, partners, or other stakeholders according to agreed-upon terms.

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a claim be more likely true than not true.

De Jure Corporation

Latin for “lawful corporation” a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

De Facto Corporation

A company that acts like a corporation and enjoys some of its benefits, despite not being duly incorporated according to statutory requirements.