Use the following to answer questions:
-(Figure: The Labor Market) Use Figure: The Labor Market. What will be the level of employment if firms decide to pay an efficiency wage of $16?
A) 80,000
B) 100,000
C) 110,000
D) 200,000

Question

Use the following to answer questions: 
-(Figure: The Labor Market) Use Figure: The Labor Market. What will be the level of employment if firms decide to pay an efficiency wage of $16?
A) 80,000 
B) 100,000 
C) 110,000 
D) 200,000

Quizplus · Accepted Answer

The efficiency wage of $16 corresponds to the employment level of 80,000 in the labor market graph.

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