According to Figure 8.4, how many workers would be hired if the prevailing wage were (a) $8

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According to Figure 8.4, how many workers would be hired if the prevailing wage were
(a) $8 an hour?
(b) $4 an hour?
Figure 8.4,
$11 10 Hiring continues until MRP = wage. MRP Wage rate 3 0 1 2 3 4 5 6 7 8 9 QUANTITY OF LABOR (workers per hour) MARGI
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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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