Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tudanglong tudanglong
wrote...
Go to Answer
Posts: 145
Rep: 0 0
2 years ago

The diagram below shows the supply and demand for labour in a competitive labour market.

Short description: A graph plots Q against w. Long description: The horizontal axis representing Q ranges from 0 to 525, in increments of 35. The vertical axis representing w ranges from 0 to 50, in increments of 5. The graph plots two lines. The line, D passes through the following points: (0, 45), (140, 35), (280, 25), (350, 20), and (490, 10). The line, S passes through the following points: (0, 5), (140, 15), (280, 25), (350, 30), and (490, 40).

FIGURE 14-6

Refer to Figure 14-6. If this labour market were perfectly competitive, the predicted wage rate would be



▸ $15.

▸ $35.

▸ $25.

▸ $30.

▸ $20.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 48 times
1 Reply
Replies
Answer verified by a subject expert
timmcgraw1994timmcgraw1994
wrote...
#1
Posts: 142
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tudanglong Author
wrote...

2 years ago
This calls for a celebration Person Raising Both Hands in Celebration
ky
wrote...

Yesterday
Thanks
hannahspillett
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  603 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 123
  
 176
  
 222
Your Opinion
What's your favorite coffee beverage?
Votes: 304
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?