Describe with the use of diagam how the wage rate and level of employment are determined if the labor market is purely competitive

Q: Labor Output TFC TVC TC MC AFC AVC АТС 25 ---- - 4 25 25 10 25 50 3 13 25 75 15 25 100 F 16 25 125…

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A: Introduction Graph of a labor demand of Starbucks and labor supply of Starbucks has given. The…

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A: ANSWER 1 Hence in the question working hours, wage rate is missing so option c is correct

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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…