The market supply curve for labor:
a. shows the relationship between the wage rate and the number of employees firms are willing to hire
b. shows the relationship between the price of output and the number of employees firms are willing to hire.
c. shows the relationship between the wage rate and the quantity of labor that workers are willing to supply.
d. shows the relationship between the price of output and the quantity of labor that workers are willing to supply.
c
You might also like to view...
Suppose bad weather decreases the quantity of wheat by 12 percent. If the price elasticity of demand for wheat is 0.6, how would the crop failure affect the price of wheat? Would the crop decrease benefit or harm wheat farmers?
What will be an ideal response?
A(n) ________ is represented by a rightward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in quantity demanded; increase in demand B) decrease in demand; decrease in quantity demanded C) increase in demand; increase in quantity demanded D) increase in demand; decrease in demand
From the highest percentage to the lowest percentage, the percentage of profits earned by businesses in the United States is represented by which of the following?
A) partnerships, corporations, sole proprietorships B) corporations, sole proprietorships, partnerships C) corporations, partnerships, sole proprietorships D) sole proprietorships, partnerships, corporations
To successfully price discriminate, a firm must ensure that there are no opportunities for arbitrage
Indicate whether the statement is true or false