Wages 120,000 50,000 40 60 Number of employees

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Look at the graph and answer the following questions?

A. If the labor market shows that wages are 120,000, how many employees should the firm hire?

B Explain why the curve does not show a straight line 

C. Discuss whether you can hire a lot more than 60 employees for a very low salary.

D. List three factors that can make the demand curve shift to the right 

Wages
120,000
50,000
40
60
Number of
employees
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