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QUESTION 1 You bought T-shirts, decals, and a Vevor heat press machine to make decorated T-shirts to sell at fairs and festivals. The table shows
QUESTION 1 You bought T-shirts, decals, and a Vevor heat press machine to make decorated T-shirts to sell at fairs and festivals. The table shows the number of shirts that various numbers of workers can finish in an hour. The shirts sell for $10 each, and you agree to pay each worker $10 an hour. How many workers should you hire, according to the Rational Rule for Employers? Workers Shirts 5 12 18 22 23 a. five O b. four O C. three O d. twoQUESTION 2 (Figure: Change in Market Graphs) Which graph illustrates how higher incomes for people working in nonfossil fuel industries-for example, solar, wind, geothermal-would likely affect the labour market for coal miners? A B Wage Labor Wage Labor supply supply Increased Old labor demand demand Old labor Decreased demand demand Employment Employment C D Wage | Decreased Wage Old labor supply supply Old labor "Increased supply supply Labor Labor demand demand Employment Employment O =. Graph A O b- Graph B O - Graph C O d. frank nQUESTION 3 bagels. (Table: Production of Bagels at The Bagel Factory) Use Table: Production of Bagels at The Bagel Factory. The marginal product of labour for the fifth worker is _ Output of Bagels at the Bagel Factory Workers per Day Dozens of Bagels per Day 0 5 15 30 42 DOSQUAWNEO 51 57 60 58 50 O a. 5 dozen O b-9 dozen O - 10 dozen O d- 12 dozenQUESTION 4 bagels. (Table: Production of Bagels at The Bagel Factory) Use Table: Production of Bagels at The Bagel Factory. The marginal product of labour for the fourth worker is Output of Bagels at the Bagel Factory Workers per Day Dozens of Bagels per Day 0 5 15 30 42 GO SQUAWNEG 51 57 60 58 50 O a. g dozen O b- 10 dozen O c. 12 dozen O d. 15 dozenQUESTION 5 (Figure: Change in Market Graphs) You are considering studying Mandarin and hear that Global Affairs Canada announces it will put greater resources into analyzing documents written in strategically important languages. Which graph BEST illustrates the impact of the GAC's plan on the market for analysts proficient in such languages? A B Wage Labor Wage Labor supply supply Old labor demand demand Old labor Decreased donand demand Employment Employment C D Wage Decreased Wage Old labor Supply yd labor supply Increased supply supply Labor Labor demand demand Employment Employment O a. Graph A O b. Graph B O c. Graph C O d. Graph D
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