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Author Question: Which of the following assumptions is made while determining equilibrium wage and labor employed in ... (Read 64 times)

CharlieWard

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on: Jun 30, 2018
Which of the following assumptions is made while determining equilibrium wage and labor employed in the economy?
 a. Information about job vacancies is difficult to obtain for workers.
  b. Mobility of workers is limited, i.e., workers can not switch jobs easily.
  c. Jobs vary widely in scope and responsibilities.
  d. All person-hours of labor are treated as identical.

Question 2

By seeking economic profit, managers are seeking to create value.
  Indicate whether the statement is true or false


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parker125

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

True


CharlieWard

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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