Graph A represents the labor supply curve, at a lower wage low people will be available for employment and at a higher wage the supply will fall again due to income effect. The answer is Graph A. option B.
Question 1 0.03/0.1 pts Which of the following graphs represent a plausible labor supply curve? (check...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
Which of the following events will shift the labor supply curve to the left? (check all that apply) The economy falls into a recession. Unemployment benefits rise. Wages begin to rise. Labor productivity falls.
Incorrect Question 2 0/0.1 pts Refer to the graph of the labor supply curve below and suppose that the market begins at point (E). Which point best represents the new outcome when Medicaid benefits decline? (Medicaid is subsidized health insurance for low income households) (B) (D) As wages increase or more hours are worked, people become less likely to qualify for Medicaid benefits. Therefore, Medicaid benefits are part of the opportunity cost of working.
5. The slope and position of the long-run aggregate supply curve Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply The price level The quantity of physical capital The amount of available natural resources The size of the labor force Suppose the economy produces real GDP of $30 bwwion when unemployment is at its natural rate. On the following graph, use the purple line (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve. Suppose the...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
Question 9 0.1 pts Suppose there are two firms in a market. Firm 1 has supply curve 51(p)=100p. Firm 2 has supply curve S2(p)=150p. Then the market supply curve should be S(p)=100p S(p)=250p S(p)-200p S(p)-150p S(p)-300p
2. (4 pts.) Which of the following are the level curve graphs for f(x,y)=et-y ? : Which of the following are level curves for the function f(x,y)=2*-? (A) (B) (C) (D) (E) (G) (H)
Which of the following represent the consequences of a negative supply shock? A) Short-run AS curve shifts to the right because production costs are reduced, quantity supplied increased and prices go down B) Short-run AS curve shifts left because the production costs are increased, quantity produced decrease and prices go up C) AD shifts left because of a recession and cyclical unemployment D) AD curve shifts right because increased output and prices
Question 9 0.1 pts A monopsonist has the production function Q=4.1 and faces the following labor supply and product demand equations respectively. W = 2 + 0.05L P = 10 – 0.025.Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost?
Question 16 1 pts Which of the following would shift a supply curve for a good to the right? O An increase in taxes imposed on the production of the good O An increase in import restrictions on the good O an increase in import duties on the good O An increase in subsidies on the good O An increase in the price of the good