The Following Graph Represents Zendar's Labor Market

question 119

Multiple Choice

The following graph represents Zendar's labor market.Use this graph to answer the following questions:

-To have no surplus or shortage of workers in Zendar,what does the wage rate have to be?

• A) $5
• B) $10
• C) $15
• D) $20
• E) $25

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Definitions:

Normal Course of Business

This term refers to the standard, usual, routine activities and operations that a business engages in to generate revenue.

Cash Payment

A transaction in which the payment for goods or services is made in cash at the time of purchase.

Declaration Date

The specific date on which a company announces an upcoming dividend payment.

Board of Directors

A group of individuals elected by shareholders to oversee the activities and governance of a company.