This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply ... (Read 54 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy". Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy".
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Figure 2.15.jpg Figure 2.15.jpg
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library