A major computer software company maintains a technical support center in a rural area and is the only employer in this region. Suppose the local labor supply curve shifts leftward due to net migration of workers from the area.
What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline
B) Labor demand shifts rightward, equilibrium wage and employment levels increase
C) Labor demand curve remains the same, equilibrium wage and employment levels increase
D) Labor demand curve remains the same, equilibrium wage increases, and employment declines
Question 2
We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor).
If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is: A) technologically efficient.
B) technologically inefficient.
C) maximized.
D) optimal.
When introduced into a new area, rabbits can overpopulate rapidly, becoming a nuisance, as on this u
Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones
Comparison of Major developmental theories
Selection of a nursing center
Rural versus Urban Population, 1820–1860
This headache remedy was “guaranteed” by the drug company; 1906.