quantity of labor employed and the equilibrium real wage rate? Real wage rate (2012 dollars per hour) Labor hours supplied Labor hours demanded 80 70 60 50 40 30 20 3 tries left 55 50 45 40 35 30 25 15 20 25 30 35 40 45 The equilibrium quantity of labor employed is Type hours and the equilibrium real wage rate is $ Type an hour.

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A: Labor Output MPL  0 0 - 1 20 20 2 39 19 3 57 18 4 72 15 5 84 12