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Quantity of Labor 53

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Quantity of Labor 53. Refer to the above diagram. Assuming competitive market conditions, the firm represented will hire: A. Q2 workers and pay a W4 wage ratc. B. O workers and pay a W wage rate. C. O workers and pay a W. wage rate. D. Q workers and pay a Wi wage rate. 54. Refer to the above diagram. Assuming monopsony conditions, the firm represented will hire: A. by negotiating any wage rate between W. and W. B. by negotiating a wage rate greater than W.. C. only if it accepted a wage rate below W. D. only if it could shift the labor demand curve rightward. 55. Refer to the above diagram. Assuming an inclusive union is formed the firm represented would require the minimum wage rate: AWA B. W. C. W D.W. 56. Refer to the above diagram. Assuming bilateral monopoly, the wage rate would lie: A. between W-W2. B. between W-W.. C. between W.-W. D. between WW4