The following graph represerits the Marginal Revenue Product for workers at Ole's O-Rings: S/worker/hour $40 $36 $32 $28 S24 $20 $16 $12 S8 $4 0 20 40 60 80 100 # of workers workers a.) Suppose the equilibrium wage rate in the labor market is $12/hour. Ollie's O-Rings would employ workersb) Suppose the equilibrium wage rate rose to $16/hour Ollie's O-Rings would then employ
