Q1- The conflict of interest between workers and firms is resolved when:

a-The supply of labor is flat.

b-All workers are paid the minimum wage.

c-Firms hire all potential workers.

d-The supply of labor equals the demand for labor and when the labor market is in equilibrium.

Q2- Which of the following is not a property of standard indifference curves in a leisure-consumption model?

a-Indifference curves tend to be downward sloping.

b-Higher indifference curves (to the northeast) indicate higher levels of utility.

c-Indifference curves intersect one another.

d-Indifference curves tend to be convex to the origin.