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Suppose You Are Considering Two Possible Summer Jobs

question 32

Essay

Suppose you are considering two possible summer jobs. One is with an outdoor painting company as a painter, the other is as a sales associate in an up-scale department store (please assume that you are in this strictly for the money, so ignore whether one job sounds inherently more or less attractive to you personally). Both jobs are union jobs, and both unions are presently negotiating for significant wage increases. You can't afford to get laid off half way through the summer, and the last people hired will be the first laid off if there is a layoff, so you are concerned about the elasticity of demand for labor for both employers. Which would probably be more elastic, and why?


Definitions:

Plant Cell Walls

Rigid outer layers surrounding plant cells, made primarily of cellulose, providing structure, support, and protection.

Glycogen

A form of stored glucose found in the liver and muscles; it's broken down into glucose when energy is needed.

Polysaccharide

A complex carbohydrate composed of long chains of monosaccharide units bonded together, serving as energy storage or structural components in organisms.

Glucose

A simple sugar that is an important energy source in living organisms and a component of many carbohydrates.

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