Author Question: City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply ... (Read 50 times)

javeds · **on:** Jun 29, 2018

City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply curve faced by City-Mart, VMP is City-Mart's value of marginal product curve, and MCL is its marginal cost of labor curve.

The lowest wage rate at which City-Mart can hire 40 hours of labor per day is A) 8 per hour.
B) 12 per hour.
C) 4 per hour.
D) 9 per hour.

Question 2

There is discrimination in the labor market on the planet of Yerk between two groups of people, the Mirks and the Morks.

If the discrimination is against the Mirks, then the VMP curve for Mirks is ________ the VMP curve for Morks, and the Mirks receive ________ than the Morks. A) to the left of; the same wage rate, but fewer are employed
B) to the right of; the same wage rate, but fewer are employed
C) to the left of; a lower wage rate
D) to the right of; a lower wage rate