Author Question: The number of job seekers in any sector of the economy ordinarily exceeds, by at least a small ... (Read 21 times)

daltonest1984 · **on:** Jun 29, 2018

The number of job seekers in any sector of the economy ordinarily exceeds, by at least a small amount, the number of jobs available. Thus, employers

A) could increase their net revenue by lowering wages.
B) could increase their net revenue by raising wages.
C) do not pay close attention to marginal cost and marginal revenue in setting wages.
D) face the threat of unionization.
E) want employees to value their current jobs significantly more highly than they value alternative jobs.

Question 2

What effect does the televising of the Super Bowl have on the cost to the National Football League of giving someone a ticket to the game?

A) It has no effect because all the costs of playing the game are sunk costs.
B) It has no effect on the cost because the demand doesn't affect cost.
C) It lowers the cost because fewer people will want to buy tickets.
D) It raises the cost because fewer people will want to buy tickets.