Examlex

Solved

-The Above Figure Shows the Demand for Labour Curve for Workers

question 3

Multiple Choice

  -The above figure shows the demand for labour curve for workers at a Pizza Hut in Darwin. If the wage rate is $6 per hour, then the i. quantity of workers Pizza Hut demands is 10 workers. Ii)  Pizza Hut would have been willing to hire the 6th worker even if it had to pay $7 per hour rather than $6 per hour. Iii)  value of the marginal product of the 10th worker is $6 per hour. A)  i only B)  ii only C)  iii only D)  i and iii E)  i, ii and iii
-The above figure shows the demand for labour curve for workers at a Pizza Hut in Darwin. If the wage rate is $6 per hour, then the i. quantity of workers Pizza Hut demands is 10 workers.
Ii) Pizza Hut would have been willing to hire the 6th worker even if it had to pay $7 per hour rather than $6 per hour.
Iii) value of the marginal product of the 10th worker is $6 per hour.


Definitions:

Self-expression

The act of conveying one's thoughts, feelings, or ideas through verbal or non-verbal means to showcase individuality.

Impact

The strong effect or influence that an event, action, or decision has on something or someone.

Buzz

Informal communication or excitement surrounding a product, service, or event, often seen as a form of marketing.

Word of Mouth

The informal transmission of information, opinions, or recommendations from person to person.

Related Questions