Multiple Choice
Use the following figure to answer the question : Figure 17-2 : shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor.![Use the following figure to answer the question : Figure 17-2 : shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor. - Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____. A) L<sub>1</sub> and W<sub>1</sub> B) L<sub>1</sub> and W<sub>2</sub> C) L<sub>2</sub> and W<sub>1</sub> D) L<sub>2</sub> and W<sub>2</sub>](https://d2lvgg3v3hfg70.cloudfront.net/TB1826/11ea857e_d7dc_b353_a433_e3249758a6ce_TB1826_00_TB1826_00.jpg)
- Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____.
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