The Table Below Shows the Labour Demand and Labour Supply

question 8

Multiple Choice

The table below shows the labour demand and labour supply schedules in a competitive labour market. $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Wage Rate } \\\text { (\$/hour) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Demanded } \\\text { of Labour } \\\text { (hours/month) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { of Labour } \\\text { (hours/month) }\end{array} \\\hline 10 & 1300 & 500 \\\hline 12 & 1000 & 1000 \\\hline 14 & 800 & 1300 \\\hline 15 & 400 & 1500 \\\hline 17 & 200 & 1800 \\\hline\end{array}$$ TABLE 14- 1
-Refer to Table 14- 1.If the wage rate is $15 per hour,how many hours per month are supplied to this market but are not actually employed?

• A)400
• B)1000
• C)0
• D)1100
• E)1500

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Definitions:

Negative Reinforcement

A psychological principle involving the removal of an unpleasant stimulus to increase the likelihood of a desired behavior occurring again.

Law of Contingent Reinforcement

A principle stating that the effectiveness of reinforcement depends on its delivery contingent upon the occurrence of a specific behavior.

Organizational Behavior Modification

Organizational behavior modification is the use of extrinsic rewards to systematically reinforce desirable work behavior and discourage undesirable behavior.

Reinforcement

The delivery of a consequence as a result of behavior.