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| I need help with economics! could you help? 7) For a wage rate of $15, the quantity demanded of labor is 2,000 hours per day. Which of the following could be another point on this demand curve for labor? A) wage of $12, quantity demanded of 1,500 B) wage of $6, quantity demanded of 3,000 C)wage of $14, quantity demanded of 0 D) wage of $18, quantity demanded of $2,500 8) Firm A is a price taker and firm B is a price maker. Ceteris paribus, _______ will hire more workers for any given wage because the marginal revenue product curve is steeper for a firm that is a _______. A) Firm A;price taker B) Firm B;price maker C) Firm B;price taker D) Firm A; price maker 9) Internationalization of the workforce in the U.S.: A) is limited because of U.S government policies concerning foreign workers. B) is illegal by law C) has decreased as a result of the Internet D) all of the above. |
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