Suppose There Is a Competitive Market for Retail Workers at a Large

question 13

Multiple Choice

Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market.The labour demand curve is QD = 1000 - 20(w) .The labour supply curve is QS = 400 + 40(w) .What is the equilibrium level of employment?

• A)20
• B)40
• C)400
• D)1000
• E)800

---

Definitions:

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation.

Operations Combine

The integration of different business operations or activities to achieve greater efficiency or synergy.

Directors Approval

A formal endorsement by a company's board of directors to proceed with an action or decision.

Merger Plan

A strategic blueprint for combining two or more companies into a single entity, detailing the legal, financial, and operational steps involved.