Labor Demand Data Labor Supply Data Total Product Product Price Employment Wage Rate 0 $ 2.20 0 15 2.00 1 $7.00 28 1.80 2 8.00 39 1.60 3 9.00 48 1.40 4 10.00 55 1.20 5 11.00 6 60 1.00 6 12.00 The table shows labor demand data on the left and labor supply data on the right. What will be the profit-maximizing wage rate? Multiple Choice $9 $8 $11 $10 Employment 0 1 2 3 4 5 O

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