At the text’s Web site, www.brueonline.com , you will find a multiple-choice quiz on this chapter’s content.

We encourage you to take the quiz to see how you do. Also, you will find one or more Web-based questions that require information from the Internet to answer.

a. Show graphically the labor supply and marginal resource (labor) cost curves for this firm. Explain the relationship of these curves to one another.

b. Plot the labor demand data of question 2 on the graph used in part a above. What are the equilibrium wage rate and level of employment? Explain.