Questions Are Based on the Data in the Following

question 25

Multiple Choice

Questions are based on the data in the following table. Assume that the labor market is perfectly competitive.




$\begin{array}{cc}\begin{array}{cc}\text { Labor } & \text { Output } \\\hline0& 0 \\1 & 15 \\2 & 29 \\3 & 42 \\4 & 54 \\5 & 65 \\6 & 75\end{array}\begin{array}{c}\text { Price }\left(D_{1}\right) \\\hline\$ 10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\\end{array}\begin{array}{c}\text { Price }\left(\mathrm{D}_{2}\right) \\\hline \$ 10.00 \\9.50 \\9.00 \\8.50 \\7.50 \\6.50 \\5.50\end{array}\end{array}$
-Suppose the firm's product demand is given by the column labeled D₂.If the wage rate rises from $100 to $130,the firm will reduce the quantity of labor employed by _____ unit(s) .

• A)0
• B)1
• C)2
• D)3

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A psychoactive drug derived from the Cannabis plant, used both recreationally and medicinally for its effects.

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The rate at which the body expends energy or burns calories, influenced by factors like body size, age, gender, and genetics.