Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help in these questions. Please I have 20 minutes only, Answer the questions correctly and do not make any mistake. Question 46 The

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

I need help in these questions. Please I have 20 minutes only, Answer the questions correctly and do not make any mistake.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Question 46 The value of the marginal product equals the price times the marginal product. O True O FalseQuestion 44 Which of the following will not shift the market supply of labor to the right? O A. An increase in labor force participation rates by women. O B. An increase in the population. O C. A change in labor/leisure choices that reduce leisure by workers. O D. A decrease in labor force participation rates by men.Question 42 Which of the following is not an implication of viewing labor as a consumption good? O A. People sort themselves into careers by their preferences. O B. Workers must be paid higher wages to compensate for risky jobs. O C. Workers are forced to take lower wages to compensate for nasty jobs.Question 45 Which of the following will not cause demand for labor to become more elastic? O A. The demand for the good labor produces becomes more elastic. O B. The demand for the good labor produces becomes less elastic, O C. Labor costs become a larger percentage of total production costs.Question 43 A monopsony is a: O A. market with only one seller O B. market with only one buyer O C market with many buyers O D. market with many sellers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

7th edition

134738314, 9780134738116 , 978-0134738321

More Books

Students also viewed these Economics questions

Question

If (A, B) C, then can we also say that A C?

Answered: 1 week ago